Rama Paper Mills

What Rama Paper Mills does

Rama Paper Mills Ltd is an Indian BSE-listed (Scrip Code 500357, ISIN INE425E01013) paper manufacturer incorporated in 1985 and headquartered in New Delhi, with its integrated manufacturing complex at Kiratpur, Distt. Bijnor, Uttar Pradesh. The company produces newsprint, duplex/triplex board, writing and printing paper, kraft paper, tissue/poster paper, absorbent paper, electrical-grade insulating paper, and one-time carbon paper across four paper machines (PM-1 Mold/Board, PM-2 MF, PM-3 MF, PM-4 Yankee) using waste paper as primary feedstock, with a combined installed capacity of 61,000 TPA on a 17-acre site. Its technological base includes a 6 MW biomass-based co-generation power plant registered with UNFCCC (55,133 CERs issued to date), a zero-discharge effluent treatment plant whose sludge is converted into sellable board, and a 33 KVA independent power feeder from UPPCL.

The company operates a sales-led B2B go-to-market, supplying industrial customers, paper merchants, converters, and distributors across publishing, packaging, and printing industry segments via direct industrial sales. Revenue is generated through one-time B2B sales of manufactured paper grades at quote-based pricing tied to grade, GSM, and order volume. As of June 7, 2024, the company is under Corporate Insolvency Resolution Process (CIRP) following NCLT Allahabad Bench admission of a Section 7 IBC petition, with Mr. Sandeep Kumar Agarwal appointed as Interim Resolution Professional; Q3 FY2025 results reported a standalone net loss of Rs 1.62 crore and quarterly sales collapsing to Rs 0.04 crore, indicating near-complete operational standstill.

Name

Rama Paper Mills

Legal name

Rama Paper Mills Ltd

Website

https://ramapaper.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

51–100 employees

Short description

Rama Paper Mills Ltd is an Indian BSE-listed manufacturer of newsprint, duplex board, writing/printing, kraft, tissue, and specialty papers from recycled waste paper, operating four paper machines with 61,000 TPA capacity at Kiratpur, UP, serving publishing, packaging, and printing customers via direct B2B sales, currently under CIRP insolvency proceedings.

Ownership category

akta.pro rank

Product category

Industrial Paper Manufacturing

NAICS

Paper Mills (32212), Paper Mills (322120), Paperboard Mills (32213)

SIC

Paper Mills (2621), Paperboard Mills (2631), Papers & Allied Products (2600)

akta.pro primary industry

Recycled Printing & Writing Paper (IMAMAKAD)

akta.pro secondary industries

Newsprint Paper Manufacturing (IMAMAEAB), Recycled Specialty Paper (Filter, Release, Construction, Technical) (IMAMAKAK), Specialty Paper Manufacturing (Coated, Release, Thermal, Filter, Security) (IMAMAEAC)

Keywords

• Recycled paper manufacturing
• Newsprint production
• Duplex board manufacturing
• Industrial paper supplies
• Specialty paper grades

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Others

Revenue model

1. Paper Products Manufacturing and Sales: Manufacturing and selling paper products including newsprint, duplex/triplex board, writing and printing paper, kraft paper, tissue paper, and specialty papers. Revenue generated from direct B2B sales to industrial customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Rama Paper Mills manufactures and sells recycled-paper-based industrial paper products including newsprint, duplex/triplex board, writing and printing paper, kraft paper, tissue, poster paper, absorbent paper, electrical grade insulating paper (EGIP), and OTC paper from its 61,000 TPA integrated facility in Kiratpur, Bijnor (UP). It supplies these paper grades on a direct B2B basis to customers in the publishing, packaging, and printing industries across India.

Product overview

Rama Paper Mills operates as a paper manufacturing company with four production machines producing a diversified portfolio of paper products. The company's manufacturing capabilities include: PM-1 Mold/Board Machine producing Duplex Board (LWC and HWC grades); PM-2 MF Machine producing Writing and Printing Paper and Newsprint; PM-3 MF Machine producing Newsprint, Kraft Paper, Absorbent Paper, Tissue/Poster Paper, OTC Paper, and EGIP; and PM-4 Yankee Machine producing Tissue/Poster Paper. The company also operates a sludge board unit that converts waste sludge from its Effluent Treatment Plant into paperboards for packing. With a total installed capacity of 61,000 TPA (tonnes per annum), the company produces paper grades ranging from specialty insulating paper to commodity newsprint and packaging boards.

Differentiator

Problem solved

Functional benefit

Products and services

• Duplex Board Multi-layer paperboard with white front and grey back surfaces, available in Light Weight Coated (LWC 200-300 GSM) and Heavy Weight Coated (HWC 300-480 GSM) variants, produced at 70-90 tons per day capacity on the PM-1 mold/board machine. Used by packaging converters and box manufacturers.
• Newsprint Standard newsprint at 45 GSM with brightness of 48-52, produced at 70 tons per day on PM-2 and PM-3 multi-fourdrinier machines. Supplied to newspaper, magazine, and periodical publishers.
• Writing and Printing Paper Cream wove and colored paper variants in 45-90 GSM with brightness of 70+, produced at 40-60 tons per day on PM-2. Targeted at commercial printers and stationery converters.
• Tissue Paper Lightweight tissue paper at 18 GSM with brightness of 80+, produced at 40 tons per day on PM-3 and PM-4 Yankee machine. Sold to tissue converters and hygiene-product manufacturers.
• Poster Paper Paper suitable for poster printing applications, produced at 40 tons per day capacity on PM-3/PM-4. Used in commercial poster printing.
• Kraft Paper Kraft paper in 80-120 GSM weight range, produced at 90 tons per day capacity. Supplied to packaging converters for sacks, wraps, and industrial packaging.
• Absorbent Paper Absorbent grade paper with 100-140 GSM weight, produced at 100 tons per day capacity on PM-3, suitable for absorbent product applications.
• Electrical Grade Insulating Paper (EGIP) Specialty insulating paper for electrical applications, available in 1.5 MIL to 4 MIL thickness, produced at 40 tons per day capacity. Used by electrical equipment manufacturers as insulation.
• One Time Carbon (OTC) Paper One Time Carbon base paper at 18 GSM, produced at 40 tons per day capacity for carbon copy and carbonless form applications.
• Sludge Board / Sludge Sheets Paperboards and sheets produced from processed waste sludge of the in-house Effluent Treatment Plant (ETP), supplied for packing purposes, closing the loop between environmental compliance and salable output.

Quantifiable outcome

• 55,133 total CERs (Carbon Credits) issued

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• United Nations Framework Convention on Climate Change (UNFCCC)coreStrategic or Co-development Partner6 MW biomass co-generation power plant is registered with UNFCCC, enabling the company to earn Certified Emission Reductions (CERs). The company has received 55,133 CERs total across two monitoring periods (20,649 CERs for Feb-Dec 2008 and 34,483 CERs for Jan 2009-May 2010).

Scale indicators6 records

Recent moves14 records

Expansion highlights2 records

Direct peers

• Emami Paper Mills: Indian newsprint and printing/writing paper manufacturer; comparable in product mix and Indian publisher/printer customer base, with a more focused commodity-paper profile.
• Star Paper Mills: Indian paper mill manufacturing writing/printing paper and packaging grades from recycled and virgin fiber; comparable in scale, product mix, and Indian B2B customer segments.
• Andhra Paper Mills (formerly International Paper APPM): Indian manufacturer of writing/printing paper, copier paper, and packaging boards; directly comparable product portfolio, domestic Indian market focus, and listed-company governance profile.
• JK Paper: One of India's largest paper manufacturers producing packaging board, writing/printing paper, and specialty papers with integrated operations — directly comparable product portfolio and end markets to Rama Paper Mills, but at substantially larger scale.
• West Coast Paper Mills: Indian listed paper mill producing writing/printing paper, packaging board, and specialty grades; directly comparable in product mix (printing/writing, board) and B2B customer base to Rama Paper Mills.
• Ballarpur Industries (BILT): Large Indian paper manufacturer that itself entered corporate debt restructuring — comparable paper-product portfolio (writing/printing, packaging board) and similar historical reliance on debt-funded expansion, providing a precedent for distressed-paper-mill outcomes in India.
• Century Pulp & Paper (Century Textiles): Indian pulp and paper manufacturer producing writing/printing paper, tissue, and packaging board — comparable product breadth and Indian B2B customer segments.
• Tamil Nadu Newsprint and Papers (TNPL): Major Indian newsprint and packaging board manufacturer with own bagasse-based cogeneration — directly comparable product mix (newsprint, printing/writing paper, board) and similarly integrated energy model.
• Orient Paper Mills: Indian listed paper company producing writing/printing paper and packaging board; comparable mid-scale domestic paper-mill profile and product overlap with Rama Paper Mills' duplex and printing grades.

Broad incumbents

• Hindustan Paper Corporation: Central public-sector undertaking in Indian paper industry with newsprint and packaging operations; broader incumbent in the same space with overlapping product categories though larger and government-owned.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rama Paper Mills