Ganga Papers India Limited, originally established as Kasat Paper and Pulp Limited in 1985, specializes in manufacturing various types of kraft paper, primarily used for corrugated cartons and boxes. The company commenced commercial production in 1987 with an initial capacity of 6,000 tpa, which expanded to 15,000 tpa by 1993-94. Additionally, Ganga Papers holds a 49% stake in Unipack Containers and Carton Products, a Dubai-based joint venture for corrugated products.
In the mid-1990s, Ganga Papers expanded its product line to include newsprint and white writing/printing paper. To finance this, the company issued public equity, raising Rs 8.5 crore. The company also established a 1.4 MW co-generation plant for internal energy needs. Following financial restructuring in 2006-07, overseen by the BIFR, the company underwent modernization with new promoters restarting operations and implementing a rehabilitation scheme that included equity restructuring and new share allocations.
