Nizam’s Sirpur Paper Mills may face closure
Sirpur Paper Mills Limited at Kagaznagar town is one of the oldest mills in the country, is on the verge of closure. The production has stopped since November, 2014.
The SPM was established in 1936 by the Nizam of Hyderabad and production of paper started in 1942. In the 1950s, it was purchased by the C.K. Birla group and later transferred to the Poddars.