West Coast Paper Mills Ltd
NSE: WSTCSTPAPR BSE: 500444
₹478
(0.27%)
Sun, 24 May 2026, 05:21 pm
Market Cap31.42B
PE Ratio22.12
Dividend1.05
Producer Manufacturing
Office Equipment/Supplies
24.5KCompany History
1955
- The Company was Incorporated on 25th March, at Mumbai.
- The Government of Mumbai granted concessions for extraction of bamboo for a period of 30 years.
1956
- All shares issued for cash.
- Promoters directors and their friends took up 10,000 pref. and 50,000 No. of equity shares.
- The remaining 50,000 pref. and 50,000 No. of equity shares were offered for public subscription through a prospectus in August 1955.
1962
- Further 420 shares were allotted out of 1960 issue between 1961 and 1962.
1963
- The Govt. of Mysore sanctioned the extraction of 20,000 tonnes of bamboo from the forests outside the company's areas.
- The Company made a beginning towards self plantation of 10,000 acres with bamboo of a special variety and other fast growing trees.
1964
- The total land under plantation since the scheme was taken up increased to 36,564 acres.
1966
- A further 27,155 acres were brought under plantation between 1966-67 and 1969-70.
- The company sold some of its old equipments to various leasing companies for Rs.200.92 lakhs under Sale and Lease Back scheme.
1967
- 50,000 Bonus equity shares were issued in the prop. 1:3.
1969
- 40,000 bonus equity shares were issued in the prop. 1:5.
1972
- 60,000 right equity shares were issued at a premium of Rs.35 per share in prop. 1:4.
1973
- The company was allotted 37.657 acres of bamboo forests to replace the areas lost to the company due to Kali River project.
- 60,000 bonus equity shares were issued in the prop. 1:5.
1975
- 40,000 No. of equity shares were issued at a premium of Rs.35 per share to the financial institutions on conversion of loans.
1979
- 10,000 No. of equity shares were issued at a premium of Rs.35 per share to UTI during 1976-77 on conversion of part of the debentures issued to them.
1984
- The company cancelled the 90,000-6% preference shares of Rs.100 each.
- 90,000 - 12% non-convertible debentures of Rs.100 each were issued in lieu of the cancelled preference shares.
1986
- Installation of the fluidised bed combustion boiler was commissioned in October.
1989
- An order was placed for new back pressure steam turbine of 5.3 MW capacity.
1991
- Despite higher sales realisation, profits were affected due to escalation in the cost of raw material, coal, chemicals, etc.
1992
- Installation of remaining equipments like pulp mill, chemical recovery etc. under the first phase of the modernisation and renovation programme was in progress.
- 4,10,000 rights equity shares were issued at a premium of Rs.30 : prop. 1:1.
- Additional 61,500 shares were allotted to retain oversubscription.
- 12,568 shares were allotted to employees.
1994
- The company installed UTM pulpers on paper machines Nos.I and II and CD Profiler on Paper M/s. No.III.
- The company undertook the second phase of modernisation programme at a total capital outlay of Rs.235 crore.
- The Company applied for Letter of Intent to set up a Caustic Soda and liquid chlorine plant.
- The company proposed to set up a sugar mill and applied for an Industrial licence.
- The company diversified into high-tech product area in the telecommunication field by putting up a unit at Mysore for production of optical fibre cables.
1995
- The company installed a state-of-the art plant to manufacture optical fibre cables with foreign technical collaboration.
- A running plant with a capacity of 9000 MT P.A. for the manufacture of chromo, Art paper and Board was installed at Gugaon.
- The Company installed a 1050 KW wind power mill in Chennai.
- The Company received letter of intent for setting up a sugar mill and a caustic soda and liquid chlorine plant.
1996
- The Duplex Board Machine was commissioned on 15th September.
- The Company planned to set up a new bleach plant, a new digester, a new power plant and a caustic soda plant.
- The Company planned to set up a sugar mill of 2500 tonnes cane crushing capacity per day.
2000
- The Company took up modernisation, expansion and diversification programme with a capital outlay of Rs 214.50 crores.
2002
- Shri C K Somany was appointed as the Director on the Board of the company.
- Ms Shaila Jagpat resigned from the Directorship of the company.
2003
- Stock Broker Desai acquired 5% stake in the company.
- Mr S K Bangur was appointed as the Chairman and Managing Director of the company.
- The company acquired 33.85% equity shares of Rama Newprint and Paper Ltd.
2006
- Shri K L Chandak was re-appointed as Executive Director of the Company for a further period of 4 years.
- Shri. S K Bangur was re-appointed as Managing Director.
2007
- The Company split its face value from Rs10/- to Rs2/-.
2009
- Shri Krishna Kumar Karwa was appointed as Additional Director of the Company.
2010
- Shri Sanjay Kothari was appointed as Additional Director of the Company.
2011
- Shri S. K. Bangur was re-appointed as Chairman and Managing Director of the Company.
2012
- The Board recommended a dividend of Rs. 0.20/- per share on the Equity shares of Rs. 2/- each.
2013
- The Board recommended a dividend of Re. 1/- per share on the Equity shares of Rs. 2/- each.
2014
- The Board recommended a dividend of Re. 1/- per share on the Equity shares of Rs. 2/- each.
2020
- West Coast Paper Mills partially started production at Paper and Duplex Board Division, Dandeli.
Open Your Free Demat Account Now!
Facebook
Twitter
Instagram
LinkedIn
Youtube
Calculators
Popular Calculators
Group Stocks
Asset Management Companies
Popular Stocks
Indian Indices
Sector Wise Stocks
IPO
Share Market
Best MF Schemes
Platforms
Resources
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