Ruchira Papers Ltd Share Price

Ruchira Papers Limited was incorporated on December 8, 1980 as a Public Limited Company. The company was promoted by Umesh Chander Garg, Jatinder Singh and Subhash Chander Garg. The Company is engaged in the manufacturing of Kraft Paper and Writing & Printing Paper. The Writing and Printing Paper is manufactured by using agricultural residues, such as wheat straw, Bagasse, Sarkanda, Softwood Pulp and other fillers and Kraft Paper is being manufactured by using wastepaper and agriculture residues, such as Bagasse, Wheat Straw, Sarkanda etc. The company has made proactive investments in chemical recovery, effluent treatment and power co-generation plants on the one hand and the consumption of renewable agro-based raw material on the other. The Company initially set up Agro Waste Paper Mill with the capacity of 2310 TPA for manufacturing of Kraft Paper at Kala-Amb in Himachal Pradesh. In the year 1983, it commenced commercial production. Over the years, the company increased the production capacity from 2310 TPA to 52800 TPA. In the year 2005, the company was awarded 'Udyog Ratna' by PHD Chamber of Commerce and Industry, New Delhi. In July 7, 2005, the company entered into an agreement with Chemprojects Consulting Pvt Ltd, Delhi for providing detailed engineering for the proposed Writing & Printing paper project including implementation and supervision relating thereto. In the year 2006, Himachal Tissues Ltd was amalgamated with the company. During the year 2006-07, the company came out with an initial public offer and their shares were listed on the Bombay Stock Exchange Ltd (BSE) and National Stock Exchange of India Ltd (NSE) with effect from December 20, 2006. In March 2008, the company set up Writing and Printing Paper Plant with a capacity of 33000 TPD at the site adjacent to the existing plant in Himachal Pradesh. During the year 2008-09, they set up Chemical Recovery System and Power Co-generation plant at the same site in Himachal Pradesh. In FY 2016-17, the Company crossed production of 1,00,000 MT of kraft paper as well as writing & printing Paper. In 2019-20, it embarked on a Rs.44 Crore modernisation & upgradation in the writing & printing paper segment; launched white copier paper. In FY 2021-22, it started manufacturing new grades of paper for cup stock and wedding cards. In 2023-24, Company commenced operations with a production capacity of seven Tons per day (TPD) of kraft paper that was progressively expanded. It manufactured 1,49,198 TPA of kraft paper as well as writing & printing paper, establishing itself as an attractive moderately sized paper manufacturer in North India. It established two products - 'Leher', a type of used paper to manufacture disposable paper cups for hot and cold beverages and 'Mogra', a premium paper variety crafted for wedding cards by expanding its presence in the writing & printing division. It launched three new kraft products called Chandan' ; which used for quality packaging solutions, Kansa' to manufacture products like soup bowls and popcorn tubs, Neroli' to address paper bags and high strength packaging solutions.