A file photo of a paper mill. Telangana-based Sirpur, one of the oldest paper mills in the country, shut operations in September 2014 following successive quarterly losses. Photo: Bloomberg
Mumbai: Telangana-based Sirpur Paper Mills Ltd, which is in the middle of insolvency proceedings at the Hyderabad bench of the National Company Law Tribunal (NCLT), has received initial expressions of interest from several potential suitors including ITC Group, JK Paper Ltd, West Coast Paper Mills Ltd and the Kolkata-based Kohinoor Group, according to two people briefed on the matter.
The deadline for submitting the expressions of interest ended in the third week of December, following which binding bids are expected in January, the people cited above s…
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