Nikita Papers Ltd

Past performance
Performance overview
About Nikita Papers Ltd Nikita Papers Limited, originally incorporated as a private entity in 1989, transitioned into a public limited company in 2003. It operates under the Nikita Group and specializes in manufacturing Kraft paper, catering primarily to the specialty paper market in India. The company's manufacturing unit, located in Shamli, Uttar Pradesh, began operations in 1991 with a modest capacity of 30 tons per day. Over the years, the company has undergone numerous expansions and technological upgrades, boosting its production capacity to approximately 133,000 metric tons annually. Since 2013, Nikita Papers has shifted its production processes from agro pulping to recycled pulping, demonstrating a commitment to sustainability. The firm further modernized its operations by installing a 2.5 MW thermal power plant in 2016 and deploying a state-of-the-art paper machine with an 85,000 MT capacity in 2021. Subsequently, it added another 1.5 MW thermal power plant in 2021-22. In a push toward eco-friendly manufacturing, by 2023, Nikita Papers transitioned 50% of its fuel usage to Refuse-Derived Fuel (RDF), showcasing innovation and environmental responsibility. Currently, Nikita Papers Limited plans to strengthen its financial position and expand its operations through an Initial Public Offering (IPO) by issuing up to 6,494,400 fresh equity shares. This development presents an opportunity for investors interested in a growing player in India’s recycled Kraft paper market, which boasts sustainable practices, capacity growth, and a focus on cutting-edge technologies.
Website nikitapapers.com
Founded 1989
Headquarters Delhi