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Balkrishna Paper Mills rose 10 per cent to hit a high of Rs 50.75 on BSE. This is in addition to a 20 per cent jump each in the previous two sessions and a 8.42 per cent rise on Monday
This will help sustain the current levels of production, improve efficiency in Pulp Mill processes, the company said.
Andhra Paper (APL), one of India’s largest integrated pulp and paper manufacturers, has deployed an ABB advanced process control (APC) solution at their Rajahmundry mill’s lime kiln.
Paper stocks are on the rise. The main reason is although India’s per capita utilisation is low as compared to global peers, things are looking up and a requirement is set to rise from the present 16 kg per capita to an estimated 20 kg per capita by 2025.
Get latest articles and stories on Latest News at LatestLY. Stocks of companies related to paper industry have gained amid a ban on certain Single-Use Plastic (SUP) items that kicked in from Friday. Latest News | Paper Stocks in Demand Amid Ban on Certain Single-use Plastic Items.