Seshasayee Paper and Boards has reported a net profit of approximately EUR 894,498 in the second quarter of 2014, up 21 percent compared to the same period last year. The company’s net income from operations reached approximately EUR 30 million.
In a bid to improve cost-competitiveness, Seshasayee Paper is planning to invest more than EUR 60 million to enhance operational capabilities.
Seshasayee Paper and Boards, a paper manufacturer based in the southern state of India, is part of Esvin Group. According to the company, they have five paper machines including India's Second High Speed Paper Machine equipped with state of the art technology that produce a wide range of fine papers which conform to quality requirements of its customers.
