The paper industry has reduced its specific energy consumption by 20 per cent in the last five years, the Indian Paper Manufacturers Association (IPMA) said in a statement.
India Ratings and Research (Ind-Ra) has maintained a 'negative-to-stable' outlook on the paper industry for FY17 on the expectations of a limited improvement in the demand-supply environment and import risks.
The profitability of paper companies is likely to rise in the second half of the ongoing fiscal helped by the improved cost structure, says a report by Ind-Ra.