FY18 production target at 1.24 lakh tonne: Ruchira Papers

Published On: 11, Dec 2017 | Source: moneycontrol.com

CNBC TV18 @moneycontrolcom

Ruchira Papers has had a steady 2017 with a 70 percent gain for the stock so far. The buzz in the industry earlier this year was that China had banned making paper from waste pulp which would benefit Indian paper companies.

In an interview to CNBC-TV18, SC Garg, Chairman of the company spoke about the latest happenings in the company.

Garg said that due to pollution China has closed the pulp section and there is volatility. Therefore, China has started importing paper.

We exported 1,000 tonne of kraft paper to China last month, he added.

He further said that we have seen a lot of queries from China with regards to Indian paper.

Talking about target, he said FY18 production target is at 124,000 tonne.

Watch accompanying video for more details.