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Servalakshmi Paper Ltd. Company History and Annual Growth Details

Incorporated on 3rd November, 2005 under the Companies Act, 1956 as 'Sri Sai Shakthi Raam Papers Private Limited' vide Certificate of Incorporation issued by the Registrar of Companies, Coimbatore, Tamil Nadu, India, the company's name was later changed to 'Servalakshmi Paper Private Limited' on 31st January, 2007. The company was later converted into a public company and the name was changed to 'Servalakshmi Paper Limited', pursuant to a shareholders resolution dated 30th April, 2010 and received a Certificate of Change of Name on 17th June, 2010.The Corporate Identity Number (CIN) of the Company is U21012TZ2005PLC012260. The Registered Office of the Company is situated at 31 (Old No. 10-Z), Bharathi Park, VII Cross, Saibaba Colony, Coimbatore -641011, Tamil Nadu, India.

We are an integrated paper mill with facilities to manufacture Printing & Writing Paper and Newsprint (NP). We started our manufacturing unit at I.C. Pettai, Vaduganpatti Post, Tirunelveli with a capacity of 300 tonnes per day (90,000 MTPA) which is one of the largest single location plants in India and ranks within 15 major plants in India (Source: ITCOT Consultancy and Services Ltd., and Paper Mart Magazine; Edition: April – May 2010). The Commercial production for our plant commenced on April 01, 2010. We also established a multi-fuel captive power plant with a capacity of 15 MW of which 12 MW will be used for captive consumption and the surplus of 3 MW is being exported to the grid of Tamil Nadu Electricity Board (TNEB).

Major events in the History of the Company:

2005

-Incorporation of the Company

2010

-Starting of commercial production at our manufacturing unit in Tirunelveli having a capacity of 90,000 MTPA

-Converted into a public limited company

-Started our own Captive power plant of 15 MW

-Awarded and categorized amongst top 15 companies in Indian paper industry by Paper
Mart Magazine; Edition: April May 2010.

2011

- The equity shares of Servalakshmi Paper Ltd (Scrip Code: 533401) are listed and admitted to dealings on the Exchange in the list of 'B' Group Securities.

- Servalakshmi Paper Ltd has the break down in the turbine of the power plant has been rectified and the power plant and paper plant have resumed production from September 19, 2011

Disclaimer: This is 3rd Party content/feed, viewers are requested to use their discretion and conduct proper diligence before investing, GoodReturns does not take any liability on the genuineness and correctness of the information in this article

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