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Company History
1936
- The Company was incorporated on 25th July, at Calcutta.
- The Company started manufacturing paper and boards and cement.
1955
- 50,000 right tax-free pref. shares were issued at par in proportion to holdings.
1956
- Authorised capital was increased.
- 50,000 right tax-free pref. shares were issued at par in proportion to holdings.
1961
- 4,40,475 right equity shares were issued at a premium of Rs 12 per share in prop. 3:10.
- Dividend rate on pref. shares was increased during the year.
1967
- 19,08,725 bonus equity shares were issued in the prop. 1:2.
1978
- The name of the company was changed from Orient Paper Mills Ltd. to Orient Paper & Inds. Ltd.
- A pilot pulp and paper plant was commissioned in February.
1982
- A cement plant was commissioned at Devapur (AP) with an annual capacity of 9 lakh tonnes.
- 1,01,132-7.86% pref. shares and 43,850-5.50% pref. shares were redeemed.
1985
- 8,00,000-15% non-convertible debenture (IV Series) of Rs 100 each were issued to augment long-term working capital resources and to meet capital expenditure for modernisation.
1986
- The Company offered 15,000-15% non-convertible debentures (V series) for Rs 15 crores.
- 57,26,175 bonus equity shares were issued in prop. 1:1 during the year.
1989
- The company was holding 38,66,593 equity shares of K.shr 20 each in Panafrican paper Mills (E.A.) Ltd. Kenya.
- The agreement with Panafrican paper Mills (E.A.) Ltd. for providing technical know-how, management and other services was renewed.
- The company offered 4,30,000-14% non-convertible secured debentures (VI series) of Rs 100 each to resident holders of equity shares, preference shares and debentures.
1990
- The second unit of the cement factory was commissioned to raise the installed capacity to 9 lakh TPA.
- The Company issued 5,00,000-14% secured non-convertible debentures of Rs 100 each on private placement basis.
- CCI approvals were received for issue of 28,75,000-12.5% secured redeemable partly convertible debentures of Rs 130 each.
1991
- The Company undertook to supply technical know-how for the manufacture of paper in and outside India.
- A full fledged research was set up at Amlai for conducting research on various aspects of paper industry.
- The Company undertook to expand the capacity of the mill from 96,000 TPA to 1,50,000 TPA.
- The Company entered into an arrangement with Birla Brothers Pvt. Ltd. for participation in the expansion project of Nigerian Paper Mills, Ltd.
1992
- The first stage of oxygen bleaching was commissioned for improved brightners of paper.
- A Memorandum of understanding was entered into with State Industrial & Investment Corporation of Maharashtra Ltd. for setting up a 80,000 TPA bagasse based plant.
- 33,85,010 No. of equity shares were allotted on part conversion 12.5% debentures.
1994
- Production at both the paper mills at Amlai and Brajrajnagar was adversely affected due to water shortage during the summer months.
- A new drum chipper was installed at the Brajrajnagar mills.
1995
- The Company granted technical and financial collaboration to Panafrican Paper Mill (E.A.) Ltd. for setting up pulp and paper mill in Kenya.
1996
- The Mill at Amlai was shut for a period of 5 weeks due to acute shortage of water.
- A 6 MW Back Pressure Turbine was commissioned at Amlai to reduce power cost and reduce dependence on outside supply.
- The installed capacity of the plant was expanded to 11.8 lakh tonnes per annum.
1997
- The upflow tower system for chlorine dioxide bleach plant at Amlai and the 350 tonnes recovery boiler and electrostatic precipitator at Brajrajnagar were commissioned.
- The new tissue plant at Amlai was commissioned.
- The Modernisation cum expansion scheme to increase the cement manufacturing capacity to 17.5 lakh tonnes p.a. was implemented.
2000
- C.K. Birla-owned Orient Paper and Industries Ltd decided to sell its cement division.
- M.M. Yesaw, General Manager, IDBI was appointed as Director of the company.
2001
- The Company's shareholders proposed to issue, offer and allot 75,00,000 ordinary shares of Rs 10 each to promoters, group companies and their associates.
2003
- Orient Paper received an environment award for the year.
2004
- V Nachiappan, General Manager, ICICI Bank Ltd. was appointed as a Director of the company.
2007
- The company issued rights in the ratio of 3:10 at a premium of Rs.350/- Per Share.
2008
- The Company split its face value from Rs10/- to Rs1/-.
2009
- The Board of Directors recommended Dividend of Rs 1.50/- per Equity share (150%).
- Mr. Michael Bastian was appointed as an Additional Director of the Company.
2010
- The Board of Directors recommended Dividend of Rs. 1.50/- per Equity Shares (150%) for the year ended.
- The Board for Industrial and Financial Reconstructions (BIFR) approved the merger of Air Conditioning Corporation Ltd. with Orient Paper & Industries Ltd.
2011
- The Board of Directors recommended Dividend of Rs. 1.50 per Equity share (150%) for the year ended.
2012
- The Board of Directors recommended Final Dividend of Rs.1/- per Equity Share (100%) for the year ended.
- Shri. Narendara Singh Sisodia was appointed as an Additional Director of the Company.
2013
- The Company split the cost of acquisition of shares in Orient Paper & Industries Ltd. consequent upon allotment of shares of Orient Cement Ltd.
- Ram Prasad Dutta was appointed as Compliance Officer.
2014
- Ms. Gauri Rasgotra was appointed as an Additional Director (Independent) of the Company.
- The Company recommended Dividend of Re. 0.10 per Equity Share (10%) for the year ended March 31, 2014.
2016
- Orient Paper & Industries Ltd provided information on operational performance of Paper Division.
2020
- Orient paper started production of tissue papers and caustic/chlorine.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800