Yash Papers hits a new high

Yash Papers surely seems to be on a new page today! The stock rose 18% in the morning trades to hit a new 52-week high at Rs.67.80. Volumes are up over 2 times.

The company which makes machine-glazed varieties of paper announced yesterday that the commercial production of tableware unit (phase - 1) of the company started from 2 January 2018.

And additionally on the 1st of Jan, the company announced that the competent committee under Chairmanship of District Magistrate, Faizabad has declared our Unit III of Yash Papers as Pioneer Unit under Industrial Investment Promotion Rules, 2003. This would entitle following benefits to the Company:-

1. The repayment period of Interest Free Loan under the said scheme would increase from 7 years to 10 years.

2. The loan eligibility period for Interest Free Loan under the said scheme would increase from 10 years to 15 years from the date of 1st Sale i.e. 12/06/2007.