Seshasayee Paper

May 12 (Reuters) - Seshasayee Paper and Boards Ltd SSHA.NS:

• MARCH-QUARTER CONSOL NET PAT 260.5 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 5.92 BILLION RUPEES

• RECCOMENDS DIVIDEND OF 2 RUPEES PER SHARE

Source text: [ID:]

Further company coverage: SSHA.NS

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Jan 12 (Reuters) - Seshasayee Paper and Boards Ltd SSHA.NS:

• EARLIER TAX DEMAND REDUCED TO 1.6 MILLION RUPEES

Source text: ID:nBSE67NBDq

Further company coverage: SSHA.NS

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** India's paper companies rise; JK Paper JKPA.NS and West Coast Paper Mills WSTC.NS up 3% and 4%, respectively

** ITC ITC.NS acquires Aditya Birla Real Estate's AITE.NS paper and pulp business

** Higher deal valuation, positive industry outlook aiding paper stocks

** Nomura says deal valuation at 35 billion rupees ($409.23 million) is higher than its estimate of 20 billion rupees

** The deal valuation can act as benchmark for future consolidation in the industry, says Sunny Agrawal, head of fundamental equity research at SBICAPS Securities

** The paper business has been in cyclical downturn past two years, but an expected market recovery should improve key performance metrics - Motilal Oswal

** Andhra Paper ANDA.NS jumps 7% and Seshasayee Paper & Boards SSHA.NS up 2%

($1 = 85.5270 Indian rupees)

(Reporting by Vivek Kumar M)

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** Shares of Seshasayee Paper and Boards SSHA.NS fall 3.4% to 313 rupees

** The paper maker's consolidated Q2 profit fell ~61% y/y, while rev rose by nearly 10% y/y
** Total expenses rose by 33.7% y/y

** Stock down ~10.6% YTD

(Reporting by Yagnoseni Das in Bengaluru)

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Sept 13 (Reuters) - Seshasayee Paper and Boards Ltd SSHA.NS:

• APPROVED ERODE PROJECT UNDERTAKING FOR 4.05 BILLION RUPEES

• PROJECT APPROVAL SUBJECT TO ENVIRONMENT MINISTRY NOD

Source text for Eikon: ID:nBSEbmjYnG

Further company coverage: SSHA.NS

(Reporting by VijayDattaram Malkar)

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Aug 19 (Reuters) - Supreme Power Equipment SUPW.NS :

• GETS ORDER WORTH 34.1 MILLION RUPEES FROM SESHASAYEE PAPER AND BOARDS

Source text for Eikon: [ID:]

Further company coverage: SSHA.NS

(Reporting by VijayDattaram Malkar)

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** Shares of Seshasayee Paper and Boards Ltd SSHA.NS rise as much as 8.2% to 303.65 rupees, hitting their highest since Dec. 20, 2022

** Printing and writing paper maker reports Q4 consolidated net profit from ordinary activities after tax that more than doubled to 1.18 billion rupees ($14.41 million)

** Rev from ops up 21.7%; board recommends dividend payment of 6 rupees per share

** Stock trading above its 50-, 100-, and 200-day moving averages since April 25

** Moving average convergence divergence line above the signal line since April 3, suggesting bullish momentum

** Shares post their sharpest intraday pct gain since March 29

** More than 516,315 shares change hands by 2:38 p.m. IST, 8.7x the 30-day avg of 59,192 shares

** Stock last up 1.9%, extending year to date gains to 2.3%

($1 = 81.8700 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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