Pudumjee Paper awards contract for a 15.4 MW solar power project

Their specialty paper company, “Pudumjee,” was founded on the fundamental idea of creating value. To satisfy customers’ strict and demanding specifications for the packaging of food and oily products, the company began by manufacturing high-quality papers. Pudumjee Group has remained true to its founding principles and dedication to its clients ever since. Over the years, PPPM has consistently increased the range of products it offers, creating numerous product lines in India and building a reputation for dependability and quality in the marketplace. On January 14, 2015, Pudumjee Paper Products Limited was established as a public limited company under the Companies Act of 2013.

The company’s 72,000 MT annual production capacity is made up of 2 modern fourdrinier specialty paper machines from Voith Sulzer Germany, which are updated periodically and have a current capacity of 44000 MT. Additionally, 2 Yankee machines have a combined capacity of 28,000 MT annually, which are used to produce M.G. papers, crepe tissue products, and other specialty products.  The distribution network of PPPL is present throughout India and effectively reaches Europe, Southeast Asia, and the United Arab Emirates, among other regions. Owing to its customer-focused approach, which is supported by an excellent research facility, a highly qualified staff, and both, PPPL has built a devoted and growing clientele.

Pudumjee Paper grants a contract for a 15.4 MW solar power project:

In a filing with the regulatory body, Pudumjee Paper Products stated that it had placed an order for a 15.4 MW solar power project. The project will be built as a turnkey operation that the company will own and generate renewable energy for its consumption. It further stated that the project is expected to be completed in the next financial year, which will help the company achieve its renewable energy commitments and reduce its energy costs. 

Prozeal Green Energy has installed over 2 GW of renewable energy installations and serves over 300 customers in the government, commercial, industrial, and institutional sectors.  To set up solar power projects in Nepal, Prozeal Green Energy and Nepalese company Goliyan Power recently signed a joint venture agreement. Together, the two companies hope to build over 500 MW of solar power projects in the next 18 months, including ground-mounted and rooftop solar photovoltaic (PV) systems at various locations across Nepal.

The stock price of Pudumjee Paper Products Ltd. is marginally up:

Pudumjee Paper Products Ltd. stock is trading right now at Rs. 117.97 per share, which is almost 1% up in intraday.

Conclusion: Pudumjee Paper Products Ltd. hopes to establish itself as a leader in the solar industry through its solar power project.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.