Paper stock bags significant orders as industry turns buoyant amid rise in export activities
The fortunes of the paper industry are linked to several economic indicators. According to the International Project Management Association (IPMA), paper consumption in India is likely to reach 30 million tonnes by 2027. There is a growing demand for a variety of papers from sectors such as FMCG and retail for innovative packaging solutions as they reduce dependence on plastics. . Paper stocks can benefit from an increase in e-commerce shopping as well as ready-to-eat and packaged foods.
With the quantum leap and increasing demand for domestic requirements, IFL Enterprises, a dynamic player in the paper industry, has bagged export orders worth over Rs 192 crore. According to an exchange filing, the latest order from Siddhesh Global will not only boost revenue but also boost profit margins.
Due to the strong growth of the paper market amid the increasing demand for environmentally friendly packaging and other related goods, several players, including IFL, are looking to seize the opportunity.
“The latest order plays a key role in the growth journey. It is expected to strengthen the industry’s position and drive growth. It will contribute to sustainable growth and also create value,” he said in a statement on BSE.
BSE listed IFL has been exporting all types of paper and related goods to South Asian and South African countries for the past three years.
Shares of IFL Enterprises have shown strong performance, gaining more than 133 percent over the past year. The sector outperformed by 127 percent, attracting investors’ attention.
In particular, the paper industry has been largely seen in the paper packaging segments in the last two years, given the growing healthy demand for quality packaging of FMCG products, textiles, pharmaceuticals, e-commerce, and more. According to Nuvama, in the financial years 2020-21 and 2021-22, the Indian paper industry has recorded surplus trade for the first time since independence, with exports exceeding imports.
Latest Business News
Denial of responsibility! greenleaselibrary.org is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at loginhelponline@gmail.com The content will be deleted within 24 hours.
