Mysore Paper Mills invites tenders for sheeting
Mysore Paper Mills (MPM) based in Mysore is a public listed company with government of Karnataka having 65% of the shareholding of the company, IDBI and other financial Institutions holding 18% of the shares and shareholding by the general public is 17%.
02 Feb 2015 | 3436 Views | By Anand Srinivasan
In its very recent tender, MPM has invited bids for conversion of cream wove elegant reels into sheets. The last date for the submission of the tender documents is 13 February, 2015.
Established in 1936, MPM has a workforce of 5000 employees, the company is engaged in the production of writing and printing paper, newsprint and sugar as its main line of business.
MPM has an installed capacity of 30,000 tonnes per annum for production of writing and printing paper, 75,000 tonnes per annum for production of newsprint and sugar mill with a capacity for crushing of sugarcane of 2,500 TCD.
The average turnover of the company is about Rs 415 crores per annum of which 58% is from newsprint, 28% from writing and printing paper and 17% from sugar. The market share of newsprint is 11%.