Agio Paper & Industries Ltd Share Price Paper
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Kanoi Paper & Industries(KPIL) promoted by J P Kanoi on Sep. '84 as BDT Business has got into manufacture of paper by taking over the integrated pulp and paper mill of Brooke Bond India at Bilaspur, MP in 1990. The name of the company is also changed to Kanoi Paper & Industries. M L Jalan and Arrow Syntex Pvt Ltd holds 49% equity stake in the company as on Dec 30, 2003. KPIL is an agro-residue and waste paper based paper mill with an installed capacity of 15500 tpa. It uses non-conventional rawmaterials like rice straw and jute waste. It produces writing, printing and industrial paper for packaging. It embarked upon a modernisation and balancing scheme, funded by a rights issue in 1994-95. The project involved replacement of the existing boiler, with a fluidised bed boiler, expansion of pulping capacity, installation of kuster calendar and rebuilding of the paper machine. KPIL has already moving into the production of high value-added items like superior grade printing and writing paper, MG poster and computer stationery. The company has restarted production in its Bilaspur plant on May 2, 2003 where the production was suspended due to labour unrest etc. which was