Since June 30, shares of Seshasayee Paper and Boards jumped 7%, Andhra Paper gained 6.2%, Tamil Nadu Newsprint & Papers climbed 4.62% and Satia Industries advanced 4.62% on the BSE
Govt must avoid protectionist measures
Paper consumption is likely to witness 6-7% annual growth and will reach 30 million tonnes by FY 2026-27, largely driven by emphasis on education and literacy coupled with growth in organised retail
CCI imposed a symbolic penalty of Rs 5 lakh each on the ten paper manufacturers found guilty of cartelisation
These paper mills are situated on Bhopa Road, Jansath Road and Jolly Road in the district, Singh said, adding that the department has imposed a fine of Rs 97.5 lakh on these paper mills
They fear that with factories remaining shut during peak season, China may resort to dumping; Indian manufacturers want govt to levy customs duty on imports
3,000 people evacuated after styrene leak at LG Polymers plant in Visakhapatnam; 7 fall ill after gas leak in Chhattisgarh; 8 suffer burns in TN furnace fire
The condition of three workers is reported to be critical
Fall in bamboo price, shorter plantation cycle and cost curbs to improve margins
Capacity addition and moderating raw materials prices yield results