Kuantum Papers Ltd updates on loan prepayment, capex

The Board of directors of Kuantum Papers Ltd have noted the Prepayment of Term Loan of Rs. 105 Crores in December 2022.

The Board noted the financial closure of Capex Projects under implementation amounting to Rs. 57.00 Crores.

The Board also approved the Capex Projects for modernization of paper plant & pulp mill and Environment & Sustainability initiatives at a Proposed Cost of Rs. 285 Crores.

Shares of Kuantum Papers Limited was last trading in BSE at Rs. 144.05 as compared to the previous close of Rs. 139.25. The total number of shares traded during the day was 7442 in over 267 trades.

The stock hit an intraday high of Rs. 144.75 and intraday low of 137.05. The net turnover during the day was Rs. 1054164.00.

Source : Equity Bulls

Keywords

KuantumPapers INE529I01021 LoanPrepayment CapexProjects FinancialClosure