As operating at full capacity, the management plans to increase capacity to achieve meaningful volume growth. It announced a brownfield investment of Rs. 1,450 crore for setting up additional packaging board capacity of 1.5 lakh MT.
India has approx. 21.5mn tonnes total capacity and capacity utilization is 17mn tonnes, which is almost 80% utilization. There are a total of 750-800 paper mills in India which as estimated turnover of INR 50,000 crore (USD 8 billion) approximately.
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