Seshasayee Paper and Boards Ltd announces expansion project at Erod unit.

Seshasayee Paper and Boards Ltd. has announced that it has proposed to undertake mill development plan - MDP III at an estimated cost of Rs. 315 crores at its Unit-Erod.

The Project envisages:

- Up-gradation and modernisation of the Paper Machines to increase the Capacity from 1 32 000 tonnes per annum to 1 65 000 tonnes per annum.

- Up-gradation and Modernisation of the RDH Pulp Mill to increase the Capacity to 1 54 000 tonnes per annum.

- Up-gradation of the Recovery Island and Augmentation of Waste Water Treatment Plant.

The Project will be taken up in convenient phases and implemented between 9 months and 21 months.

The work on the Project will commence in Q2 of Financial Year 2019-20. Funding of this project will be through Internal accruals and Long Term Loans, which will be decided in the ensuing Board Meeting scheduled on 27th July 2019.

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