Waiting for NCLT approval to demerge electric division: Orient Paper

In an interview to CNBC-TV18, ML Pachisia, MD of Orient Paper and Industries spoke about the results and his outlook for the company.

He said that topline has grown in the electric division because Q4 is the best quarter of the year for this segment, adding that the company is waiting for the approval from National Company Law Tribunal (NCLT) to demerge electric division.

On the paper business front, he said a smart turnaround is seen in this division. "The improvement in paper business has come out of our internal cost reduction efforts and therefore we expect this to be sustained on longer term basis. We have commissioned our new tissue machines which will double our capacity for tissue paper," said Pachisia.

Watch accompanying video for more details.