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* - Tentative Dates
The company proposes to utilize the net proceeds from the Issue towards funding the following objects:
Balkrishna Paper Mills Ltd's revenue decreased by -55.25% and profit after tax (PAT) dropped by -1006.66% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 |
| Assets | 134.80 | 187.04 |
| Revenue | 109.45 | 244.59 |
| Profit After Tax | -51.88 | -4.69 |
| Reserves and Surplus | -160.97 | -109.09 |
| Amount in ₹ Crore | ||
Balkrishna Paper Mills Limited was founded in June 2013. The company is a pioneer in the field of coated duplex paperboard used for packaging various industries such as pharmaceuticals, toiletries, cosmetics and healthcare products, readymade garments and meals, matchboxes, incense sticks and many other packaging requirements.
The company started its journey with humble roots in Maharashtra. It was established in the year 1975 with a capacity of 15 tonnes of duplex board per day. Since its inception, the company has seized the opportunities of the growing market and increased its capacity to evolve and adapt to the ever-changing market conditions.
The company produces paper and board based on recycled pulp (“Paper and Board" division). The paper and board production plant is located in Ambivali near Kalyan (Maharashtra). The installed capacity of the plant is 60,000 TPA. The company also operates a thermal power plant with a capacity of 4.5 MW at the same location in Ambivali to cover the electricity requirements for production.
