Mysore Paper Mills

Mysore Paper Mill Limited
Company typeGovernment
Traded as
BSE: 502405
IndustryPaper mill and Co-generation[1]
HeadquartersBhadravathi, Karnataka, India
Key people
Araga Jnanendra (Chairman)
Decrease₹54.90 crore (US$6.9 million) (2011–12)[2]
Net income
Decrease₹84.78 crore (US$11 million) (2011–12)[2]
OwnerGovernment of India
Websitewww.mpm.co.in

Mysore Paper Mill Limited or the MPM is situated at Bhadravathi in the Shimoga district of Karnataka state, India. It was established in the year 1936 by Nalvadi Krishnaraja Wodeyar,[3][4] the then Maharaja of Mysore state. In 1977, the company became a government company. The company obtained ISO certification in the year 2004.

Closure

MPM closed functioning in 2016.[5] Government wants to privatise the company while workers want the government to revive it.[6] Some workers opted for voluntary retirement scheme.[7] Company has issued tenders for disposal of materials[8]

See also

References

  1. ^ "Production". MPM.
  2. ^ a b "Mysore Paper Mills, Profit & Loss account". Money Control, CNBC TV 18.
  3. ^ "THE MYSORE PAPER MILLS LIMITED". Zauba Corp.
  4. ^ "Profile". MPM.
  5. ^ Pattanashetti, Girish (17 December 2014). "Mysore Paper Mills closure: Karnataka to appeal before Green Tribunal". The Hindu.
  6. ^ "Revive Mysore Paper Mills, demand workers". The Hindu. 4 March 2016.
  7. ^ p. m, Veerendra (4 June 2016). "909 Mysore Paper Mills workers opt for VRS". The Hindu.
  8. ^ "MPM.co.in".

External links

  • Official website of the company