Shree Ajit Pulp and Paper Rights Issue Details 2024

Shree Ajit Pulp and Paper Limited was established in 1995. The company specializes in manufacturing, marketing, and selling machine-glazed kraft paper testliner (single wire) and multi-ply testliner (triple wire). These products are made from recycled waste paper and have a wide range of 80-330 grammes per square metre (“GSM”) and a burst factor (“BF”) of 18-35 in (“Production Unit – I”). Additionally, "Production Unit - II" produces lightweight kraft paper with 40-120 GSM and high tensile strength. The company's products are used in various industries such as FMCG, textiles, automotive, e-commerce, pharmaceuticals, perishables, and other industrial and household packaging, paper bags, etc. The company sells its products both on the national and international markets.

Apart from paper production, the company is also involved in power generation through wind turbines. The wind turbines located in Rajkot and Dwarika have a total installed capacity of 1.50 and 1.25 megawatts (MW), respectively. These turbines are used for captive consumption, which helps to reduce electricity costs.