Greenfield venture: Pudumjee Paper receives MPCB approval to set up new specialty paper mfg. facility; engages with overseas machinery suppliers

Greenfield venture: Pudumjee Paper receives MPCB approval to set up new specialty paper mfg. facility; engages with overseas machinery suppliers

- Specialty Paper manufacturing facility of capacity of 68000 MT per annum, at Mahad subject to certain conditions, in a period of five years
- The Company is in the process of setting up 15.4 MW Solar Power Project in Maharashtra
The Pulp and Paper Times

Pudumjee Paper Products Ltd., a Specialty Paper Manufacturing company having its operations at PUNE, is planning to put up a green field specialty paper mill at its new site at Mahad, Distt- Raigad, Maharashtra.

Pudumjee manufactures a diverse array of paper products, including food packaging, decor grades, pharmaceutical-grade papers, super calendared papers, other specialty products, crepe tissue, towels and low grammage printing papers of higher opacity. Positioned to emerge as a global leader in the production of technologically advanced, environmentally friendly specialty papers, PPPL has received a consent from Maharashtra Pollution Control Board for setting up a unit of Specialty Paper manufacturing.

The Company has received a consent from Maharashtra Pollution Control Board for setting up a unit of Specialty Paper manufacturing facility of capacity of 68000 MT per annum, at Mahad subject to certain conditions, in a period of five years.

On the expansion at Pudumjee, Mr. Jatia earlier informed in the annual report that following the rapid growth of Pune in the last couple of decades, we are now being seen as an urban mill with no expansion possibilities. The only plausible expansion possibility will lie in the identification of a second location in close proximate to Pune and provides us with a large headroom for our proposed next growth round. PPPL’s Mahad site is in the process of obtaining statutory clearances that should clear the way for a second greenfield venture.

Initially, Pudumjee plans to install two specialty paper manufacturing machines with the provision to add more paper machines later along with coating and converting facilities. This site is likely to become a major specialty paper manufacturing facilities in the country. The project clearance from various Govt. Agencies has been received.

The company is currently in discussion with overseas machinery suppliers to determine machine configuration for working out project details.

“We believe that the proposed expansion, when firmed, will graduate our company to the next orbit for various reasons. It will enhance the confidence of our customers that we would be in a position to service their growing appetite for specialised packaging grades, accounting for a larger share of the customer’s wallet. We will be empowered to leverage our rich subject matter competence across a larger production base. We will be able to explore the development and manufacture of a wider range of technology driven products that we are presently unable to address on account of limited manufacturing capacity. We will remain focused on the manufacture of customised products as opposed to integrating backwards into the manufacture of pulp due to constraints of fibrous raw material availability in close proximity of our location,” Mr. Jatia said in the annual report.

The Company is in the process of setting up 15.4 MW Solar Power Project in Maharashtra which in addition to supporting goal of environment sustainability by raising share of green energy to about 45% of its present requirement will also reduce overall cost of energy consumed. The plant is expected to be operational in mid of FY 25-26.

Pudumjee continues to focus on manufacturing various Biodegradable and Compostable Specialty Papers having barrier properties which are used as input for sustainable packaging solution for various food products, pharmaceutical and other products, hospital supplies, hygiene sectors, confectionary etc., which are witnessing high growth in demand.

FY25 Results:

Pudumjee Paper Products Ltd. has achieved sale for the year ended 31st March 2025 earning revenue of Rs. 80,908 lacs as against Rs. 78,496 lacs last year, showing a rise of 3% in the backdrop of reduction in Net Sales price by about 2% but higher production of paper by 5%. The EBITDA was at Rs. 14,504 lacs as against last year Rs. 14,942 lacs, Net Profit after Tax was at Rs. 9,576 lacs as against last year of Rs. 9,814 lacs, including income from deployment of surplus funds of Rs. 747 lacs against last year Rs. 496 lacs. 
 

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