Shree Rama Newsprint Ltd.
28.15
INR
-0.53
(-1.85%)
Shree Rama Newsprint Ltd.
NSE:RAMANEWS
(National Stock Exchange of India)
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28.15
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- Shree Rama Newsprint Limited manufactures recycled paper-based writing and printing paper, newsprint, and kraft paper from 100% waste paper at its integrated facility in Village Barbhodhan, Taluka Olpad, District Surat, Gujarat; the plant spans 230 acres with an installed annual capacity of 150,000 metric tons and benefits from proximity to Hazira Port for exports. Established in 1993 as part of the Riddhi Siddhi Group and listed on the Bombay Stock Exchange and National Stock Exchange (ticker: RAMANEWS.NS), the company primarily serves domestic newspaper publishers, printers, and commercial users while exporting up to 40% of production to markets in Asia and Africa. It operates a captive power plant and employs over 1,000 personnel, focusing on eco-friendly production processes including advanced de-inking technology. The company produces writing and printing paper in various grades suitable for photocopying and offset printing; newsprint for newspaper publishing; and kraft paper in the 42-100 GSM range for packaging applications, with plans to enhance high burst factor (BF) kraft via film sizer installation on Paper Machine 2 (PM2). Since shifting from newsprint due to import competition, it has emphasized value-added writing and printing paper production launched in October 2019 and introduced A4-size paper variants. Operations also include sale of scrap materials and, more recently, packaged drinking water from a commissioned bottling plant with 32,000 bottles per hour capacity in 200 ml and 500 ml sizes. Acquired by Riddhi Siddhi Gluco Biols Ltd from the West Coast Paper Mills group in May 2015 with promoter holding at 74.76%, the company underwent strategic revival including recommissioning of Paper Machine 1 (PM1) around 2020 and recent revamping of PM1 as announced via social media. In the current fiscal year, it pursues PM2 modernization for kraft paper upgrades amid stabilizing operations post-temporary closures due to weak demand and high input costs. Financials reflect revenue of Rs 48.34 crore in fiscal 2023, with ongoing board meetings including one scheduled for November 13, 2025, to review quarterly results.