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Potential Suitors for Sirpur Paper Mills

机译：Sirpur造纸厂的潜在追求者

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Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has received initial expressions of interest from several potential suitors including ITC Group, JK Paper Ltd, West Coast Paper Mills Ltd and the Kolkata-based Kohinoor Group. Sirpur Paper Mills is one of India's largest manufacturers of pulp, paper board and a variety papers sold in both domestic and export markets. It employs close to 3,000 workers. Founded in 1938 by the erstwhile provincial government of Hyderabad, Sirpur is one of the oldest paper mills in the country. The mill was bought by the C.K. Birla Group, which later sold it to the Poddar family led by Ranjan and Devashish Poddar. The mill shut operations in September 2014 following successive quarterly losses, which the management attributed to rising raw material costs making continued operations untenable. In October 2016, IDBI Bank took possession of the mill on behalf of lenders to recover collective dues of ￡422 crore and put the assets up for sale. In October 2017, NCLT admitted a petition by one of Sirpur Paper's operational creditors to initiate insolvency proceedings against the company and appointed an 1RP. The revival of SPML has become a contentious issue given the issue of livelihood of thousands of employees. The Telangana government has assured that all necessary efforts to revive the ailing company, would be made. Sirpur Paper Mill- One of the oldest and well-known paper mills closed since Sept 2014.
机译：总部设在Telangana的Sirpur Paper Mills Ltd正在国家公司法律法庭（NCLT）海得拉巴长凳的破产程序中，已经收到包括ITC Group，JK Paper Ltd，西海岸在内的数家潜在收购方的初步意向。 Paper Mills Ltd和总部位于加尔各答的Kohinoor集团。 Sirpur Paper Mills是印度最大的纸浆，纸板和各种纸张制造商之一，在国内和出口市场均有销售。它雇用了近3,000名工人。 Sirpur由昔日的海得拉巴省政府于1938年成立，是该国最古老的造纸厂之一。该工厂由C.K. Birla Group，后来将其出售给Ranjan和Devashish Poddar领导的Poddar家族。继连续的季度亏损后，该厂于2014年9月关闭了运营，管理层将其归因于原材料成本的上涨，使得持续运营难以维持。 2016年10月，IDBI银行代表贷方拥有该工厂，以追回42.2亿英镑的集体会费，并将资产出售。 2017年10月，NCLT接受了Sirpur Paper的一名经营债权人的请愿书，要求该公司发起破产程序，并任命了1RP。鉴于成千上万员工的生计问题，SPML的复兴已成为一个有争议的问题。特伦甘纳邦政府已保证，将为振兴这家陷入困境的公司作出一切必要努力。 Sirpur造纸厂-自2014年9月以来关闭的最古老，知名的造纸厂之一。

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    《INPAPER international》 |2018年第2期|33-33|共1页
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