Debt-ridden HRA Papers revived, Succeeds in first Trial production

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Browse the paper mill news, paper mill name: HRA Papers Pvt. Ltd., Paper quality to be produced: newsprint and Writing & Printing Paper (44 to 80 GSM).

Debt-ridden HRA Paper Mills revived, Succeeds in first Trial production

Kathgarh, 7 December 2018, The Pulp and Paper Times: 

Himachal Pradesh has got one more paper mill for Newsprint and Writing & Printing (W&P) paper production. Recently the debt-ridden HRA Paper Mills Pvt. Ltd. has succeeded in trial production. “We are proud to associate with Indian paper industry by adding 70 TPD Newsprint and W&P capacity. Improving literacy rate and anticipated pick-up from the education sector is the motivational factor behind reviving the long closed paper mill. We opted the ‘One time settlement’ scheme with the Bank to back the paper mill on work” informed by Col. Amit Rastogi, Managing Director of HRA Paper Mills Pvt. Ltd.    

HRA Paper Mill was initially started 7 to 8 years back at village Tibbi, Kathgarh in Distt Kangra. After the six months operation it was closed down due to some reasons, well known to promoters. “We are expected to start the commercial production in one month duration.

Our target is to produce newsprint and W&P paper on the same machine setup and planning to sell the finished products domestically. Our GSM range will be 44 to 80 and brightness level will touch to 42 to 80 percent.” Col. Rastogi said.

Indian paper industry is poised to grow and touch 25 million tonnes from 20.37 million tonnes to 2019-20 from 2017-18 at the rate of 10% per annum, according to The Associated Chambers of Commerce and Industry (ASSOCHAM). India has emerged as the fastest growing market when it comes to consumption, posting 10.6% growth in 2017-18, reveals the ASSOCHAM paper. 

“We have just done overhauling process of plant and machinery and other equipments installed in mill and replace the few components for modern compatibility.

We will produce best quality paper on same plant and machinery having deckle of 3.2 meter and speed is designed at 300 m/min.” Col. Rastogi further said.

According to Care Rating Printing and Writing segment demand is expected to grow at a CAGR of 4.2% and reach 5.7 million tonnes in FY20. The demand is expected to grow on account of an anticipated pick-up from the education sector with improving literacy rates and growing enrolment as well as increasing number of schools and colleges. Improving the literacy rate, rising circulation and an increasing number of newspapers and magazines are expected to support growth in newsprint demand which is expected to reach 2.8 million tonnes in FY20.

HRA Paper Mill is providing employment to 150 people and making completely wood free paper based from recycled fibre. Finished paper will be sold between Rs 35 to 60 per kg.  

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