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Orient Paper is going to undertake a rights issue worth Rs 50 crore, says company Managing Director ML Pachisia. It also plans to demerge its electrical consumer business into a separate entity.
The second quarter for the electrical business won't be good owing to seasonal constraints, says ML Pachisia, MD of Orient Paper and Industries.
Orient Paper witnessed a bounce back in their paper business. This was, according to Pachisia, not due to decrease in price of raw materials but due to reduction in costs and internal efficiencies.
ML Pachisia, MD, Orient Papers says lighting business is turning positive on the back of the Light Emitting Diode (LED) segment.
In an interview to CNBC-TV18, ML Pachisia, MD of Orient Paper, discusses earnings and outlook of the company for FY16.
M L Pachisia - managing director, Orient Papers & Industries says the company‘s margins have improved in the fan and lighting business.
Orient Papers' debt currently stands at Rs 220 crore but is declining slowly and gradually, adds Pachisia.
Orient Paper has been in focus for a while now. In an interview to CNBC-TV18, ML Pachisia, MD of Orient Papers & Industries talked about the key trigger for the stock, which will be the demerger of the cement business which is effective from April 1, 2012.
The buzz around JP Associates vying for a strategic partner for its cement business continues. Cement valuations ruled at their peak in 2006-2007 when the market and the sector were at all time highs. So how will cement valuations pan out from hereon?
ML Pachisia, MD of Orient Papers & Industries, in an interview with CNBC-TV18’s Ekta Batra and Reema Tendulkar, said that the 35 days slowdown will not make much of a difference.
ML Pachisia, MD of Orient Papers & Industries, in an interview with CNBC-TV18's Ekta Batra, gave his perspective of the fourth quarter performance and their divulged future plans.
ML Pachisia, MD, Orient Papers & Industries, in an interview with CNBC-TV18’s Mitali Mukherjee and Sonia Shenoy, spoke about the recent happenings in his company and the road ahead.
