|
Year |
|
Description |
| 1983 |
|
Paper Mill setup
for manufacturing
of writing and printing
paper having capacity
of 1185 MTPA. |
| 1990 |
|
Machine was upgraded
and modified for manufacturing
of Creamwove and Board.
Capacity enhanced
during the year by
2400 MTPA i.e. 3585
MTPA |
| 1991 |
|
Purchase of Land
18/29-30 adjoining
to Plot No. 18/31,
Site-4, Industrial
area, Sahibabad, Ghaziabad,
UP and expansion of
capacity by 3000 MTPA.
i.e by 6585 MTPA |
| 1994 |
|
Purchased another
Plot No. 18/41 Site-IV,
Industrial Area, Sahibabad,
Ghaziabad, UP and
setup a separate Manufacturing
unit for manufacturing
Duplex Board, having
Installed capacity
of 20000 MTPA i.e.
26585 MTPA. |
| 1997 |
|
FO based DG Set
installed for 100
% power backup |
| 1999 |
|
At Plot No. 18/41
Site-IV, Industrial
Area, Sahibabad, Ghaziabad,
UP Setup A Creamove
Manufacturing Plant
Capacity 16415 MTPA
i.e 43000 MTPA Purchased
A Plot No. 64/6, Site-IV,
Industrial Area, Sahibabad,
Ghaziabad, UP to meet
the space requirement
for Finishing House. |
| 2002 |
|
Manufacturing Unit
situated at 18/29-30-31,
was upgraded and modified.
Capacity increased
by 10000 MTPA i.e
53000 MTPA. |
| 2004 |
|
Duplex Board Manufacturing
Machine installed
at 18/41 Site-IV,
Industrial area Sahibabad,
Ghaziabad, UP was
upgraded, modified
and capacity increased
by 27000 MTPA i.e
80000 MTPA. |
| 2005 |
|
4.5 MW Turbine installed
to be meet up addition
power requirement
commensurate with
the increase in production.
Duplex Board Manufacturing
Machine installed
at 18/41 Site-IV,
Industrial area Sahibabad,
Ghaziabad, UP was
upgraded, modified
and capacity increased
by 5000 MTPA i.e 85000
MTPA. |
| 2006 |
|
Awarded ISO 9001:2000 certification, Diversification into Hotel business by setting up a 4 star Hotel Division and the Name of the Company changed to Magnum Ventures Limited. |
2007 |
|
>> The Company entered into agreement with Country Development & Management Services Pvt Ltd for the a for said hotel under the brand “Country Inn & Suites”.
>> The Company successfully made an IPO of 1,76,40,750 equity shares of Rs 10 each at a price of Rs 30 per share.
|
2008 |
|
Upgraded the proposed hotel from 4 Star to 5 Star |
2009 |
|
>> Launched its Five Star Hotel all vegetarian Hotel in January, 2009 at Sahibabad, UP.
>> Completed modernization of its Paper Unit and the Company also successfully set-up PCC manufacturing plant at its Unit at 18/41, Site – IV Industrial Area, Sahibabad, Gaziabad. |
2010 |
|
>> Awarded ISO 14001:2004 certification.
>>
Awarded the formal Five Star category by the Central Classification Committee (HRACC), Ministry of Tourism, India. |
