Abhishek Industries kicks off Rs 825 cr pulp, paper project

MUMBAI: Abhishek Industries, the flagship company of Trident Group, today said it has commissioned an integrated pulp and paper project at an investment of Rs 825 crore. The project includes various facilities ranging from paper, pulp, energy and chemical recovery and effluent treatment and the expected incremental revenues from these units would be about Rs 450 crore per annum, the company said in a filing to the Bombay Stock Exchange.

After the commissioning of the project, the company aims to compete with other paper manufacturing firms in the country, it added. The paper division would now have an installed capacity of 1.75 lakh tpa and would emerge as world's largest wheat straw based integrated paper plant.

The company further added that after the said expansion, the pulping facility's capacity has increased to 1.25 tpa and the power capacity has increased from 30 mw to 50 mw and the energy division would cater to the power requirements of its paper and textile division of the company. In compliance to CREP environmental norms ahead of its mandatory requirement in 2009, the company has set up an environment friendly chemical recovery boiler.