Page 2 - Andhra Paper News Today

The Nifty Auto index was trading 0.7 per cent up at 16140.8.

Most listed stocks in the segment such as West Coast Paper, Andhra Paper, JK Paper, Seshasayee Paper and Boards, Orient Paper and Pudumjee Paper — all have posted multibagger returns in the last three years. What next for Indias paper producers? Will the stocks rally continue?

Paper consumption in India will likely reach 30 million tonnes by March 2027. There is growing demand from sectors such as FMCG and retail for innovative packaging solutions.

Vipul Organics, the specialty chemicals company in the pigments and dyes segment, has ventured into the paper segment in the domestic market.


At ET Prime Women Leadership Awards (ETPWLA) 2023, Jayashree Satagopan, President Corporate & CFO, Coromandel International Limited and Parminder Chopra, Finance Director, Power Finance Corporation won the Finance Leader of the Year award category.

Andritz has received an order from Andhra Paper Limited in Rajahmundry, India for a recovery boiler upgrade and sustainable technologies to increase capacity and reach environmental goals at the mill.

JK Paper posted a consolidated net profit after tax of Rs 280-crore for the March quarter on 16 May, helped by higher prices for its papers and packaging boards and as some input costs eased. This is 64.7% rise from Rs 170-crore a year ago, the company statement said.


Indias JK Paper Ltd reported a roughly 65% rise in fourth-quarter profit on Tuesday, helped by higher prices for its papers and packaging boards and as some input costs eased.... | May 16, 2023

Among the popular names, the consolidated net profit of Alembic Pharmaceuticals surged 596 per cent to Rs 152.60 crore in Q4FY23 against Rs 21.92 crore in the same quarter a year ago.

After a week filled with better-than-expected quarterly earnings report of giant firms like TVS, HDFC, etc, stock market investors will be keenly waiting for Q4 report of Tata Motors, Canara Bank, HAL, DLF, Vedanta, and others next week