Pudumjee Paper Products Ltd resumes operations

Pudumjee Paper Products Limited (Company) had suspended its plant operations at Pune with effect from 23rd March, 2020 to ensure the safety of employees/workers of the Company in the wake of the Novel Coronavirus (COVID19) pandemic. Pune, currently, is classified under Red Zone.

On 8th May, 2020, the Company received permission from Government of Maharashtra for resuming production at its Pune plant. Accordingly, the Company has resumed manufacturing of Specialty paper products required as input for packaging material in the manufacture of pharmaceutical products, hospital supplies, hygiene sectors, food, confectionery etc.

Earlier, in April, the Company received permission from Government of Maharashtra for dispatch and transport of manufactured paper products of the Company lying in its inventory for use in essential supplies like soap wrappers, papers for medical packaging, food packaging, tissue paper for hygiene etc., which in turn is required to maintain supply chain of essential commodities/services during prevalence of the Pandemic. Similarly, the Hygiene Division engaged in supply of essential products had also resumed its operations.

Needless to say, that the Company is taking appropriate measures to ensure the safety, hygiene and well-being of all its employees/workers in compliance with the directives/circulars issued by the Government.

Shares of Pudumjee Paper Products Ltd was last trading in BSE at Rs.11.84 as compared to the previous close of Rs. 12.1. The total number of shares traded during the day was 2400 in over 5 trades.

The stock hit an intraday high of Rs. 11.84 and intraday low of 11.83. The net turnover during the day was Rs. 28411.

Source : Equity Bulls

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