Shree Vindya Paper Mills (SHRVINPM) was incorporated in 1964 in the state of Uttar Pradesh. The company is a member of the Parijat Group and manufactures coated papers such as art paper, art board, chromo paper and black-centered art card, laminated papers and specialty papers like PVDC coated papers, gummed papers for stamps, wall papers and basic writing and printing papers including map-litho, bond, ledger, coloured and super calendered papers and base stock. Shree Vindhya Cast Coaters Ltd is the subsidiary of SVPM and is into manufacturing of cast-coated paper and board. The subsidiary had launched packaging board for consumer goods, which is an eco-friendly substitute for poly-laminated packaging board. The manufacturing plant of the company is located at Somani Nagar, Dushkheda, District Jalgaon, Maharashtra.
• 1964 - The company was incorporated on July 29, in the state of Uttar Pradesh. The company's object is to manufacture coated papers such as art paper, art board, chromo paper and black-centered art card (BCAC), laminated papers and speciality papers like PVDC coated papers, gummed papers for stamps, wall papers and basic writing and printing papers including map-litho, bond, ledger, coloured and super calendered papers and base stock.
• 1971 - The company's plant for the manufacture of speciality coated papers was set up at Nasik in Maharashtra. The products manufactured are marketed under the trade brand 'DIAMOND COTE'.
• 1983 - The company undertook to set up a pulp and paper manufacturing unit at Dushkheda near Bhusawal with a capacity of 10,000 tonnes per annum of writing and printing and speciality papers. The pulp mill section of the paper was commissioned in July 1984.
• 1985 - Approval from the government was received for expansion of the paper units' capacity from 10,000 tonnes to 24,000 tonnes per annum. With a view to ensure economic and efficient operations of the recovery boiler, it was decided to increase the pulp production to above 100 tonnes per day.
Land and buildings of the company's Nasik unit were revalued as on December 31.
• 1986 - The company took up the first phase of the expansion project involving expansion of the capacity of the paper machine to 80 tonnes per day and installation of a second-hand recovery boiler.
• 1988 - There was a four-month strike by workmen of the Bhusawal paper plant, which resulted in loss of production of about 3000 tonnes. But for this unexpected setback, the working results would have been far better.
• 1989 - The company submitted substantial investment plan to financial institutions for expansion-cum-diversificaion of the coating unit. The said plan was to enable introduction of newer varieties and also upgradation of existing products.
The writing printing division undertook a major expansion-cum-modernisation project, for which financial institutions sanctioned a term loan of Rs 60 crore and another Rs 30 crore was expected to be raised through issue of fully convertible debenture.
• 1990 - The coating division of the company was transferred to a separate company; namely Soma Paper and Industries Ltd. The unit undertook to double its capacity from 6,000 TPA to 12,000 TPA.
• 1992 - Effective January 1, the coating division of the company was transferred to a separate company under the name Soma paper & Industries Ltd. under Scheme of Arrangement. Pursuant to a scheme of Arrangement approved by the shareholders of the company and the Bombay High Court, the Coating Division of the company together with all properties, assets moveable or immovable, investments, reserves and surplus, together with all present and future liabilities including contingent liabilities and obligation of the coating division only were transffered to Soma Papers & Industries, Ltd. with effect from 1st January.
A second hand imported paper machine was procured capable of manufacturing 6,600 TPA of special quality papers.
Shree Vindhya Cast Coaters Ltd. is a subsidiary of the company.
• 1993 - The third paper machine having a capacity of 12,500 TPA has been installed.
• 1994 - The third paper machine along with the caustic soda recovery plant was commissioned. The company proposed to install the fourth paper/paper board manufacturing machine in order to achieve a total capacity of 50,000 TPA.
• 1996 - The working was affected due to dumping of newsprint and writing paper at $400-500 per tonne as a result of liberalisation.
To achieve total self sufficiency in power requirements, the company finalised a scheme for availing a 6 MW thermal co-generation facility to synchromise with the expanded capacity as well as a 2.5 MW base load generating set.
• 1997 - During this year a fire occurred at the bagasse stockyard at the company's works at Dushkheda, Bhusawal, resulting in a loss of Rs 300 lakh. However, the company was fully insured and no damage occured at the plant
• 1998 - As at March 31, the company became a sick company and a reference was made to BIFR.
• 2000 - The company has informed that, the matter relating to illegal strike at Bhuswal plant, has been amicably settled with the help of all concerned. The company will resume regular operations at the plant very soon, on resumption of power by MSEB.