Seshasayee Paper and Boards Limited has informed the Exchange about General Updates - Project Mill Development Plan -IV - Phase-I in Unit: Erode
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Seshasayee Paper and Boards has received environmental clearance from the Ministry of Environment, Forests and Climate Change (MoEF & CC) on August 1, 2025, for its Mill Development Plan IV (Phase I) at its Erode manufacturing facility. The clearance was sought to increase pulp and paper production capacity by 20%. This is a follow-up to applications and updates the company had filed with stock exchanges in April 2023, April 2024, and September 2024. With the regulatory nod now in hand, the company can move forward with execution of the expansion project.
Positive for shareholders — the green light on environmental clearance removes a key regulatory hurdle for the capacity expansion, paving the way for future revenue growth once the project is commissioned. No immediate financial details or capex cost have been disclosed in this filing.