- Business
- Balkrishna Paper Mills Limited manufactures and sells coated duplex boards and paper products primarily for the packaging industry in India; its core offerings include Eco Board, Super Chromo Board (white back and premium grades), Eco-White Board, Eco Kraft Back Board, Duplex Coated Board and Super Chromo (white shade), serving sectors such as pharmaceuticals, toiletries, cosmetics, health care products, readymade garments, instant food products, match boxes, incense sticks and fast-moving consumer goods (FMCG). The company, founded in 1975 and headquartered at A/7 Trade World, Kamala City, Senapati Bapat Marg, Lower Parel, Mumbai, India, operates through paper and paperboard manufacturing as well as trading of plastic and packaging materials segments with production facilities originally established in Maharashtra. Formerly known as Nirvikara Paper Mills Limited, it completed a rights issue in April 2024 raising Rs 45.11 crores through 21.48 million equity shares at Rs 21 apiece to repay borrowings, redeem preference share capital and meet general corporate purposes; it also generated Rs 17.50 crores from leasing unused land as part of financial restructuring to reduce debt and interest costs.