- Business
- Ruchira Papers Limited Ruchira Papers Limited manufactures and markets kraft paper and writing and printing paper using renewable agro-based resources including wheat straw, bagasse, sarkanda and waste paper; its core products encompass writing and printing grades such as white copier paper certified to IS 14490:2018 standards for notebooks, stationery, spiral notebooks, wedding cards under the Mogra brand, shade cards, children's colouring books, bill books, texture paper and drawing papers; kraft grades feature high load-bearing capacity and tensile strength for corrugated boxes, cartons, composite cans, fiber drums, textile cones, ream wrappers, food packaging, paper bags under the Neroli brand, high-strength packaging, soup bowls and popcorn tubs under the Kansa brand and quality packaging solutions under the Chandan brand; cup stock paper under the Leher brand supports disposable cups for hot and cold beverages. The company operates a single integrated manufacturing facility in Kala Amb, Sirmaur district, Himachal Pradesh along the Chandigarh-Dehradun highway with convenient proximity to raw material sources and northern India consumption markets where a majority of sales occur; founded in 1980 and listed on the National Stock Exchange and Bombay Stock Exchange since 2007 following an initial public offering, it produces approximately 149,198 tonnes per annum across both segments with certifications including ISO 9001:2015 and FSC for sustainable sourcing. Recent strategic developments include a Rs 100 crore capital expenditure programme for shoe press and balancing equipment upgrades in the writing and printing paper machine to enhance output and efficiency, the largest such investment since the 2008 commissioning of its 33,000 TPA writing and printing unit; a five-year coal linkage agreement with Coal India Ltd under the Coal Linkage Policy to secure stable fuel supply at predictable costs; portfolio expansions with three new kraft brands Chandan, Kansa and Neroli alongside stabilised Leher cup stock and Mogra premium wedding card paper; a 15-day shutdown in FY 2024 for chemical recovery unit capacity strengthening; record sales volume of 148,373 TPA in FY 2024 despite moderated realisations; highest-ever dividend payout of Rs 5 per share; and bonus share issuance in FY 2023.