Business
India's paper makers rise as government imposes minimum import price
India's paper makers rise as government imposes minimum import price
About this update from Pakka Ltd
** Shares of Indian paper companies rise after government move to impose a minimum import price on virgin multi-layered paper board** Virgin multi-layered paper board is a type of paper used to make paper bags and corrugated boxes ** Government will impose minimum import price of 67,220 rupees ($768.71) per metric ton till March 31, 2026** Domestic paper makers have been facing a double whammy of higher wood prices — a key raw material — and lower-priced imports in recent quarters** Domestic paper firms rise on the news** JK Paper NSE:JKPAPER jumps 14.6%, Emami Paper mills NSE:EMAMIPAP up 13%, West Coast Paper Mills NSE:WSTCSTPAPR gains 12%, Pakka limited NSE:PAKKA up 6%** Shares of Andhra Paper NSE:ANDHRAPAP rise 9.5%, Orient Paper and Industries NSE:ORIENTPPR up 7.5% and Seshasayee Paper NSE:SESHAPAPER gains 8%($1 = 87.4450 Indian rupees)