Sirpur Paper Mills

Sirpur Paper Mills Limited (SPM) is an integrated pulp and paper mill situated at Kaghaznagar in Adilabad district, Telangana.It is. bad[1][2] Production at the mill has been shut down since September 2014.[3]

History

Sirpur Paper Mills Ltd was established in the erstwhile Hyderabad State in 1938 by the Nizam of Hyderabad Mir Osman Ali Khan, with actual production beginning in 1942. This makes it one of the oldest paper mills in the country. In the 1950s, the Birla family group of industries took over the mill and was later transferred to the Poddars.[4] It was last owned by R. K. Poddar at the time of its closure.

Closure

At the time of the closure, the mill employed about 3000 workers.[5] The management team cited increasing raw material costs and unavailability of reliable power as the major reasons that impacted the profitability of the plant. Efforts are underway by the Kalvakuntla Chandrashekar Rao government in Telangana to attract new investors to restart production at the mill and boost the local economy, which was heavily dependent on it. JK paper mill brought company for 629crores and renovation works are in progress now.

References

  1. ↑ http://articles.timesofindia.indiatimes.com/2013-05-22/hyderabad/39444154_1_telangana-rashtra-samithi-vijayamma-telangana-ire
  2. ↑ http://economictimes.indiatimes.com/sirpur-paper-mills-ltd/directorsreport/companyid-13097.cms
  3. ↑ "Revival of Telangana's 80-year-old Sirpur Paper Mill looks bleak". 2015-06-22. Retrieved 2016-10-04.
  4. ↑ Singh, S. Harpal (2014-11-02). "Sirpur Paper Mills likely to face closure". The Hindu. ISSN 0971-751X. Retrieved 2016-10-04.
  5. ↑ Singh, S. Harpal (2015-06-12). "Sirpur Paper Mill workers keep their fingers crossed". The Hindu. ISSN 0971-751X. Retrieved 2016-10-04.
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