The Indian paper industry is grappling with wafer-thin margins and rising input costs, but signs of a cyclical turnaround are beginning to emerge.
Indian paper industry, comprising over 850 paper mills, produces more than 25 million tonnes of paper annually.
The company’s leadership position scores with critical inputs and raw material security, capacity bandwidth, product diversity and quality, and a stable credit profile
Any importer will be able to obtain an automatic registration number online by paying a registration fee of Rs 500, the government said.
We believe that the thesis of broadening of growth levers for ITC is unfolding as expected. Few of ITC’s other businesses have witnessed encouraging growth traction in recent times: volume growth in the FMCG business and growth outlook in the hotel and paper business.
Besides, Indian Paper Manufacturers Association (IPMA) has demanded reduction in the excise duty on several varieties of paper and paperboard.
The pricing environment in the paper sector is unlikely to show a significant improvement in FY16. However, the profitability of sector companies should show an improvement in 2HFY16, with a relief on the cost front and improved cost structure, says India Ratings.
Ballarpur International will see an 8-10 percent growth rate in FY14 on the back of better volumes and pricing, said Yogesh Agarwal, MD and CEO of the company. He saw EBITDA being 21 percent for FY14.
Devang Mehta, Anand Rathi Financial Services, in an interview with CNBC-TV18’s Anuj Singh and Sonia Shenoy, spoke about his reading of the market and his outlook.
Paper stocks have grabbed the spotlight after AP Paper Mills struck a lucrative deal with US paper and packaging company International Paper. RR Vederah, MD of BILT spoke to CNBC-TV18 about what he has made of what has been an extremely large deal that got cut in the industry.
US-based International Paper is set to buy a majority stake in Andhra Pradesh Paper Mills for about USD 257 million in cash. In an interview on CNBC-TV18, RR Vederah, managing director BILT Paper, a unit of India's largest paper maker Ballarpur Industries, said that it's an very interesting deal.
Ajay Goenka, the chairman and managing director of Rainbow Papers in an interview on CNBC-TV18 spoke about the latest developments in his company and sector.
Union Budget 2011-12 for Paper Industry by Ajay Goenka, CMD of Rainbow Papers.