The Board of integrated paper manufacturer Seshasayee Paper and Boards Ltd has accorded in-principal approval to secure environmental clearances to take up expansion work of its project under the Mill Development Plan-IV in Erode facility, the company said on Sunday. The proposed plan was to augment production capacity of pulp and paper at its manufacturing unit.
“The enhanced pulping capacity would help the company to replace the costlier purchased pulp and reduce the overall cost of manufacturing per tonne of paper in the unit at Tirunelveli and the Servalakshmi unit,” Seshasayee Paper said in a regulatory filing.
The company has filed the necessary applications with the Ministry of Environment and Forests for Climate Change for Environment Clearances, Seshasayee Paper and Boards Ltd said today.
The Erode-based company said the environmental clearances for project Mill Development Plan IV in the company’s manufacturing facility in Erode was to augment paper capacity from 1.65 lakh tonne to 2.31 lakh tonne per annum and pulp capacity from 1.80 lakh tonne to 2.52 lakh tonne per annum.
The project is expected to be completed in 30 months after securing the necessary environmental clearances.
Seshasayee Paper and Boards Ltd chairman N Gopalaratnam while addressing the shareholders at the 63rd annual general meeting, said the company has initiated steps including an increased focus on green energy, setting up newer plants and processes for a reduction in emissions, reduction in chemical consumption, the pursuit of organic and growth opportunities to augment pulp and paper production.