Rama Paper Mills To Raise Rs 200 Cr Through QIBs
Rama Paper Mills Ltd is planning to raise Rs 200 Cr through a preferential issue to QIBs for setting up a power plant.
The company is setting up a 50 MW power plant by investing Rs 200 Cr. It has starting placing orders for the necessary equipments.
The company is planning to set up the thermal power plant to reduce the cost of power. Currently it gets power from power from Power Grid at Rs 6.50 per unit, which, the company is expected will come down to Rs 3 per unit once the power plant becomes operational.
Transaction Reference: BS
Rama Paper Mills – incorporated in 1985 – manufactures newsprint, duplex board, writing and printing paper by recycling waste paper. It offers coated/uncoated duplex board paper used to make small packaging/small cartoons used by pharmaceuticals, soaps, paste, apparels, and tea industries.
Rama Paper Mills reported flat net profit of Rs 0.01 Cr in Q3 Dec’09 compared to net profit of Rs 0.01 Cr in Q3 Dec’08. Net sales rose 0.7% to Rs 28.57 Cr in Q3 Dec’09 over Q3 Dec’08.
Power Consumption by Rama Paper Mills Ltd
| Power | 2008-09 | 2007-08 | 2006-07 |
| Purchased (In Rs) | 8566202.00 | 38827665.00 | 56571796.00 |
| Rate/Unit | 16.74 | 4.24 | 3.84 |
| Units Purchased | 511720.55 | 9157468.16 | 14732238.54 |
| Own Generation | 1666440.00 | 8945316.00 | 11090160.00 |
| Cost/Unit | 8.38 | 7.89 | 8.25 |
| Units Generated | 198859.19 | 1133753.61 | 1344261.82 |
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KVEZAR VIEW
| Date | Transaction | Type | Buyer | Size ($mn) |
|---|---|---|---|---|
| 08/03/10 | Rama Paper - QIB Issue | IPO / Offerings | 44.00 |
| Date | Type | Buyer | Target | Size ($mn) | State |
|---|---|---|---|---|---|
| 06/02/12 | M&A | Looking For | VRL Cement Limited | - | Planned |
| 03/02/12 | Private Equity | Emerging Markets Management LLC | Sintex Industries Limited | 2.97 | Completed |
| 02/02/12 | M&A | Binani Industries Limited | 3B - The Fibreglass Company | 362.00 | Completed |
| 16/01/12 | M&A | Dalmia Bharat Sugar and Industries Limited (Dalmia Cement Bharat Ltd) | Calcom Cement India Limited | 46.03 | Announced |
Company |
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| Name | Promoters | Office | Competitor | Website |
|---|---|---|---|---|
| Rama Paper Mills Limited | AAA Paper Mktg Limited Ram Fin Fortunes Private Limited Arun Goel & Family Pramod Kumar HUF |
Najibabad RoadKiratpur, District Bijnor, Uttar Pradesh-246731. | www.ramapaper.com | |
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