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Mysore Paper Mills

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Mysore paper mill limited
Company typeGovernment
BSE: 502405
IndustryPaper mill and Co-generation[1]
HeadquartersBhadravathi, Karnataka, India
Key people
Araga Jnanendra (Chairman)
Decrease₹54.90 crore (US$6.6 million) (2011–12)[2]
Decrease₹84.78 crore (US$10 million) (2011–12)[2]
OwnerGovernment of India
Websitewww.mpm.co.in

Mysore Paper Mill or the MPM is situated at Bhadravathi in the Shimoga district of Karnataka state, India. It was established in the year 1937 by Nalvadi Krishnaraja Wodeyar,[3] the then Maharaja of Mysore state. In 1977, the company became a government company. The company obtained ISO certification in the year 2004.

Closure

MPM closed functioning in 2014.[4] Government wants to privatise the company while workers want the government to revive it.[5] Some workers opted for voluntary retirement scheme.[6] Company has issued tenders for disposal of materials[7]

See also

References

  1. ^ "Production". MPM.
  2. ^ a b "Mysore Paper Mills, Profit & Loss account". Money Control, CNBC TV 18.
  3. ^ "Profile". MPM.
  4. ^ http://www.thehindu.com/news/national/karnataka/mysore-paper-mills-closure-karnataka-to-appeal-before-green-tribunal/article6698286.ece
  5. ^ http://www.thehindu.com/news/cities/bangalore/revive-mysore-paper-mills-demand-workers/article8312253.ece
  6. ^ http://www.thehindu.com/news/national/karnataka/909-Mysore-Paper-Mills-workers-opt-for-VRS/article14383773.ece
  7. ^ http://www.mpm.co.in/tenders.html

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