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South India Paper Mills has decided to set up an additional Paper Machine at its Bhadravati Unit to cater to the demand of packaging boards in the southern region.
This project involves an outlay of Rs.420 crores and is likely to be commissioned by March 2024.
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South India Paper Mills Limited has started work on a 115,000 TPA Paper Machine Project at Velloor, Nellikuppam, Cuddalore District, Tamil Nadu.
The project is estimated to cost Rs 420 crore and will be commissioned by December 2023.
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South India Paper Mills Ltd. Q2 FY23 Results: Revenue rises 24.5% to Rs 1,328 crore
The company's net profit declined 32.3% to Rs 40.4 crore in Q2 FY23.
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South India Paper Mills Ltd. declares interim dividend of Rs 1 per share
The dividend will be paid to the shareholders on record as on November 10, 2022.
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South India Paper Mills Ltd. appoints new CEO
The company has appointed Mr. V.P. Sharma as its new Chief Executive Officer.
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South India Paper Mills Ltd. Q1 net up 56% to Rs 320.84 crore
South India Paper Mills Ltd. (SIPML) has reported a 56% increase in its net profit to Rs 320.84 crore for the quarter ended June 30, 2023, as against Rs 205.78 crore in the corresponding quarter of the previous fiscal.
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South India Paper Mills Ltd. board approves Rs 1,000 cr capex plan
The board of directors of South India Paper Mills Ltd. (SIPML) has approved a capital expenditure plan of Rs 1,000 crore for the next two years.
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South India Paper Mills Ltd. to invest Rs 500 crore in new paper machine
South India Paper Mills Ltd. (SIPML) is planning to invest Rs 500 crore in a new paper machine at its Bhadravathi unit in Karnataka.
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South India Paper Mills Ltd Declares Interim Dividend
The Board of Directors of South India Paper Mills Ltd has declared an interim dividend of Rs. 2.50 per equity share of Rs. 10/- each for the financial year 2022-23.
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South India Paper Mills Ltd Reports Strong Financial Results for Q3 FY23
South India Paper Mills Ltd (SIPML) has reported a strong set of financial results for the third quarter (Q3) of the financial year 2022-23 (FY23).
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South India Paper Mills Ltd Announces Expansion Plans
South India Paper Mills Ltd (SIPML) has announced plans to expand its production capacity by setting up a new paper machine at its Bhadravathi unit in Karnataka.
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South India Paper Mills Ltd Posts Higher Revenue in Q3FY23
South India Paper Mills Ltd (SIPML) has reported a higher revenue in Q3FY23, with a rise of 11.6% YoY to Rs 443.86 crore as compared to Rs 398.06 crore in Q3FY22.
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South India Paper Mills Ltd to Invest Rs 100 Crore in New Plant
South India Paper Mills Ltd (SIPML) is planning to invest Rs 100 crore in setting up a new plant in Tamil Nadu. The plant is expected to be commissioned by 2024 and will produce a variety of paper products.
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South India Paper Mills Ltd Reports Strong Q2FY23 Results
South India Paper Mills Ltd (SIPML) has reported strong financial results for Q2FY23, with a growth in revenue and profitability. The company's revenue increased by 12.5% YoY to Rs 408.56 crore, while its net profit rose by 15.6% to Rs 38.96 crore.
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South India Paper Mills Ltd Q3 net up 21.6% at Rs 207.5 cr
The company had reported a net profit of Rs 170.9 crore during the corresponding quarter of the previous fiscal.
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South India Paper Mills Ltd board approves raising up to Rs 750 crore
The company's board has approved raising up to Rs 750 crore by way of issue of equity shares, convertible instruments, bonds, debentures, or any other non-convertible perpetual securities.
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South India Paper Mills Ltd Q2 net up 21.6% at Rs 197.9 cr
The company had posted a net profit of Rs 162.8 crore during the corresponding quarter of the previous fiscal.
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South India Paper Mills Ltd. Q3FY23 Result: Net Profit Rises 19.4% to Rs 16.7 Crore
South India Paper Mills Ltd. (SIPM) has reported a 19.4% year-on-year increase in net profit to Rs 16.7 crore for the quarter ended December 2022 (Q3FY23).
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South India Paper Mills Ltd. to Invest Rs 100 Crore in Tamil Nadu
South India Paper Mills Ltd. (SIPM) plans to invest Rs 100 crore in Tamil Nadu to expand its paper production capacity by 25%.
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South India Paper Mills Ltd. declares interim dividend of Rs 2 per share
South India Paper Mills Ltd. (SIPM) has declared an interim dividend of Rs 2 per equity share with a face value of Rs 10 each for the financial year 2022-23.