Shreyans Industries Share Price

Shreyans Industries Ltd was incorporated in 1979, as Shreyans Paper Mills Ltd, the name was changed to Shreyans Industries Ltd. The Company, has been promoted by well known Oswal family of Ludhiana to set up a 30tpd paper project. Presently, the Company has two paper manufacturing units located at Ahmedgarh (Distt. Sangrur) at Banah (Distt. Nawanshaher) in the State of Punjab. Over the years number of modernizationcumexpansion schemes were undertaken and the present installed capacity of manufacturing writing printing paper, from agrobased raw materials, is 37000 Mts per annum. A secondhand paper making machine from Belgium was imported for the purpose which went into production on 16 May.82. Gradually, the operations of the company at its paper division at Ahmedgarh were expanded and modernised at regular intervals to the present capacity of about 70tpd. In 199091, encouraged by its success in paper operations, the company set up a cotton spinning unit with an installed capacity of 25,000 spindles. The year 199495 saw this division achieve the status of an Export House. In Feb.94, it took over the paper division of Zenith, a BIFR division of the Birla Group Company. The unit has since contributed substantially to the turnover of the company. The company implemented a project of setting up a chemical recovery plant with power generation at Shreyans Paper Mills, Ahmedgarh, at a cost of Rs 14.50 cr, which were commissioned in 199596. The expansion scheme for Rishabh Papers unit which was undertaken was completed during 20002001. The modernisation scheme for Chemical Recovery Plant and Cogeneration Plant was commissioned during the year. The New Head Box for Paper Machine at Shreyans Paper was commissioned during June 2005. 3.5 MW CaptivecumCogeneration Plant at Shreyans Papers Division of the Company was commissioned in 200708. New and higher capacity 8 MW Captive Power generation Turbine was installed resulting increased generation of electrical power as compared to grid tariff during 202122. The Company has set up Chemical Recovery Plant at both the paper units. This enabled to economizing on consumption of chemicals and simultaneously achieving the prescribed standards of effluent discharge. In addition, it has total captive cum power cogeneration capacity of about 5.6 MW, at Ahmedgarh Unit. However to augment the total power requirement at Banah Power Plant with a capacity of 5MW is already installed. Besides, a Continuous Digester was installed in both the units. The units at Ahmedgarh Banah have its own E.O. Bleaching plant, for the manufacturing of High Bright, Superior Quality paper.