The Andhra Pradesh Paper Mills Ltd has recently stated that it is working to implement its Rs 291-crore expansion plan at the Rajahmundry unit in Andhra Pradesh, at the moment. The company is a part of the Kolkata-based LN Bangur Group and the officials said that it is planning to commission a 5 MW power plant along with the expansion project. The Director, Corporate, APPML, Mr. Shreeyash Bangur said that the new plant will add about 70,000 tonnes per annum capacity and it is slated to be commissioned next fiscal.
Mr. Bangur added that the company did complete an expansion-cum-modernisation project in 2006 with an outlay of Rs 635 crore. He said that the earlier project will also help the company to meet the rapidly changing paper requirements in the country and abroad. He informed that the expansion project that was hit by the boiler mishap last year has now been fully re-done. He added, the benefits would be felt during the current financial year.
While talking about the other activities of the company, Mr. Bangur said that the company has recently tied up with Reliance Power for selling the power generated through the 5 mw plant now under way at Rajahmundry. He said that the company is arranging the coal for the project from Singareni Collieries Company Ltd. He added that the company is going to have total paper capacity of 2, 50,000 tonnes per annum, with the expansion project. In the words of Mr. Bangur, "We have tied up all the finances of the expansion project but there has been delay in implementation due to the mishap in the company boiler. Most of the machinery is already in place, and work is now being expedited".
Posted On : 10/15/2008 2:25:22 PM