1955 - The Company was Incorporated on 25th March, at Mumbai.
The Company's object is to manufacture of paper, pulp and
raw materials. The Company manufactures printing papers,
writing papers, wrapping papers etc. Bamboo is the chief raw
- In August, the Government of Mumbai granted concessions for
extraction of bamboo for a period of 30 years on a royalty of
Rs.3.12 per tonne of paper or pulp going out of the factory
subject to revision after 5 years and subsequently after
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
offered for public subscription through a pospectus in August
1962 - Further 420 shares were allotted out of 1960 issue between
1963 - The Govt. of Mysore sanctioned the extraction of 20,000 tonnes
bamboo from the forests outside the company's areas at a
of Rs.7.50 per tonne.
- The Company made a beginning towards self plantation of
acres with bamboo of a special variety and other fast growing
trees like eucalyptus, hybrids and paper mulbery.
1964 - The total land under plantation since the scheme was taken up
increased to 36,564 acres, comprising 5,316 acres for woods
31,248 acres for bamboo.
1966 - A further 27,155 acres were brought under plantation between
1966-67 and 1969-70.
- In order to augment the working capital resources the company
sold some of its old equipments to various leasing companies
Rs.200.92 lakhs under Sale and Lease Back scheme.
1967 - In January 1967, 50,000 Bonus equity shares issued in the
1969 - In February, 1970, 40,000 bonus equity shares issued in the
1972 - 60,000 right equity shares issued at a prem. of Rs.35 per
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
and clear felling for new teak plantation undertaken by the
forest department of the state. The agreement with the State
Govt. of Karnataka for extraction of bamboo in the leased
was due to expire in 1989 and necessary steps were being taken
renew the lease.
- 60,000 bonus equity shares issued in the prop. 1:5.
1975 - 40,000 No. of equity shares issued at a prem. of Rs.35 per
to the financial institutions (IFCI, LIC and IDBI) on
1979 - 10,000 No. of equity shares issued at a prem. of Rs.35 per
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
each. The holders of these preference shares were allotted
secured non-convertible redeemable debentures of Rs.100 each
the prop. 1:1 with effect from 30th September. These
are redeemable at the end of 12th year from 1st October, with
option to the company to repay in five years after 1st
- 90,000 - 6% pref. shares cancelled and 90,000 - 12% non
convertible debentures of Rs.100 each issued in lieu thereof.
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. The said turbine was expected to be
by the first quarter of 1991.
1991 - Despite higher sales realisation, profits were affected due
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. The second phase of
said programme costing Rs.85 crores involving the installation
bagasse pulping equipments, coating plant a new paper machine
other balancing equipments would be taken up in due course.
- 4,10,000 rights equity shares issued (prem. Rs.30 : prop.
Additional 61,500 shares allotted to retain oversubscription.
Another 12,568 shares allotted to employees.
1994 - As a part of the on-going
programme the company installed UTM pulpers on paper M/s.
and II and CD Profiler on Paper M/s. No.III, to improve the
productivity. The company undertook the second phase of
modernisation programme at a total capital outlay of Rs.235
which includes a Duplex Board machine, bleach plant, Bagasse
pulping plant, falling film evaporators, power plant nor 15
and two paper machines for weight papers of MG and MF and
superior quality duplex boards.
- The Company has also applied for Letter of Intent to set up a
Caustic Soda and liquid chlorine plant.
- The company also proposed to set up a sugar mill and applied
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. The civil work of the
Board mill and optical fibre cables unit was under progress.
1995 - The performance of the Company surpassed all its past
Production and sales increased significantly mainly due to
relentless efforts made at all levels in optionally utilising
- As a part of the on-going
programme the company has installed a state-of-the art plant
manufacture optical fibre cables with foreign technical
collaboration, a running plant with a capacity of 9000 MT
for the manufacture of chromo, Art paper and Board was
at Gugaon (Haryana).
- The Company also installed a 1050 KW wind power mill in
- The Company has received letter of intent for setting up a
mill of 2500 tonnes crushing capacity per day and a caustic
and liquid chlorine plant as a step towards backward
1996 - Duplex Board Machine was commissioned on 15th September.
- The Company has taken the following new project as a part of
- (a) Bleach Plant: The 250 TPD new Bleach plant was expected to
commenced by the end of December 1997.
- (b) Digester No. 10 : A new digester was planned to cope-up
the increased requirement of mill made pulp for higher level
production. Digester was expected to be commissioned by
- (c) New Power Plant: Apart from installing 5 new DG sets, the
company intending to set up a new power plant by installing
70 TPH FBC Boiler and a 12 MW capacity Double extraction
condensing Turbo Generator set.
- (d) Caustic Soda Plant: The company has received letter of
from the Government of India to set up the above plant as a
towards backward integration project.
- The Company is also planning to set up a sugar mill of 2500
tonnes cane crushing capacity per day.
2000 - The Company has taken up modernisation, expansion &
diversification programme with a capital outlay of Rs
crores for increase in the production capacity and
upgradation of paper, duplex board and cable
-Appoints Shri C K Somany as the Director on the Board of the company
after the resignation of Mr Madan Mohan Mohanka.
-Ms Shaila Jagpat resigns from the Directorship of the company.
-Stock Broker Desai acquires 5% stake in the company.
-Appoints Mr S K Bangur as the Chairman and Managing Director of the
-Acquires 33.85% equity shares of Rama Newprint and Paper Ltd at Rs.5
per share for Rs.39.38 crs from ICICI Bank Ltd and ICICI Trusteeship
-West Coast Paper reappoints Bangur as MD
-West Coast Paper Mills Ltd has re-appointed Shri. K L Chandak as
Executive Director of the Company for a further period of 4 years
w.e.f. December 01, 2006.
- The Company has splits its face value from Rs10/- to Rs2/-.
- West Coast Paper Mills Ltd has appointed Shri Krishna Kumar Karwa
as Additional Director of the Company.
- West Coast Paper Mills Ltd has appointed Shri Sanjay Kothari as
Additional Director of the Company.
-Shri S. K. Bangur has been re-appointed as Chairman &
Director of the Company.