West Coast Paper Mills Ltd
NSE: WSTCSTPAPR BSE: 500444
₹829.70
+28.15 (3.51%)
Sat, 14 Nov 2026, 11:33 am
Market Cap (in Cr)5299.1
PE Ratio23.86
Dividend0.37
Producer Manufacturing
Office Equipment/Supplies
24.5KWest Coast Paper Mills Ltd Company 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.
