Your Company has consistently striven to implement best corporate governance practices reflecting its strong value system and ethical business conduct. The Company's philosophy on Corporate Governance envisages attainment of highest levels of transparency, accountability and integrity in the functioning of the Company with a view to create value that can be sustained continuously for the benefit of its stakeholders. The principles of Corporate Governance covering the Code of Business Conduct & Ethics and Code of Insider Trading are the cornerstones of your Company functioning. All employees are bound by a Code of Conduct that sets forth the Company's policies on all important issues, including our relationship with customers, shareholders and the Government
WRITING & PRINTING PAPER
Plant: The paper plant is located at Sailakhurd, District Hoshiapur in Punjab, situated on the main National Highway connecting Chandigarh, Hoshiarpur, Pathankot, spread in an area of 257 acres. The plant is an integrated facility to make pulp and paper with a capacity of 100,000 tonnes per annum of finished paper. The pulping section is equipped to handle various kinds of agricultural residues, straws, bagasse, and wood.
Mill Expansion Plan: In light of the strong fundamentals of the paper business in 2008 and its growth potential, the management had undertaken a strategy to expand the paper business and sustain its competitiveness through capacity enhancement and cost reduction initiatives. The management has already implemented the Mill Expansion Programme, at a cost outlay of Rs 2000 million INR, comprising of: