Genus Paper & Boards: Unit-2 would increase the manufacturing facilities by 825 TPD; reports 54% jump in revenue in FY 21-22

Genus Paper & Boards: Unit-2 would increase the manufacturing facilities by 825 TPD; reports 54% jump in revenue in FY 21-22

- Enjoy premium in pricing compared to other market players
- Genus Paper strive to represent new methods and ideas to efficiently reduce our environmental footprints and deliver exceptional paper& board products. 

New Delhi | The Pulp and Paper Times: 

Incorporated in 1996, Genus Paper & Boards Limited (GPBL) is today one of India’s leading manufacturers of industrial Kraft Paper and Duplex Board, equipped with five sate of the art paper machines, have grown over the years. Our growth with largely revolving around our key products – the Kraft Paper & Duplex Board, which is expected to witness a robust demand over the next few years.

During the year (FY 21-22), the production capacity of Kraft Paper at Moradabad (Unit-1) has increased to 435 TPD (Tonnes Per Day) GPBL’s existing Paper Unit located at Moradabad, Uttar Pradesh.
Despite the interruption caused by the Covid-19 pandemic in the first quarter of the year under review, GPBL has remained volatile and continued operations with great courage and determination. GPBL has generated annual revenue of Rs. 439.89 Crores in FY22 against FY21 revenue of Rs. 285.71 Crores. The EBIDTA (Earnings before Interest, Tax, Depreciation and Amortization) stood at Rs. 22.26 Crores and PAT (Profit after Tax) stood at Rs. 8.31 Crores

"Company would continue to focus on its key strengths to achieve healthy growth by further enhancement of quality. Though we enjoy premium in pricing compared to other market players, we hope to improve the sales realization further due to our thrust on quality and brand positioning. We are constantly looking for growth opportunities in the manner most beneficial to all Stakeholders.” Stated by Mr Ishwar Chand Agarwal, Chairman of GPBL in the annual report for FY21-22. 

Mr Agarwal further said that we are driven by an ambient passion to contribute towards a beer world with the manufacturing of Kraft Paper and Duplex Board that are renewable by design. We strive to represent new methods and ideas to efficiently reduce our environmental footprints and deliver exceptional paper& board products. 

With effect from implementation date of aforesaid NCLT order, NS Papers Limited stood amalgamated with Genus Paper & Boards Limited and it became Unit-2 of the Company located at Muzaffarnagar, Uttar Pradesh. The Muzaffarnagar unit has manufacturing facilities for production of Kraft Paper and Duplex Board (comprising of two Kraft Paper machine lines and one Duplex Board machine line). The Duplex Board Machine line has been commissioned and started commercial production in Mid of March 2022 and rest of the lines would become operational during current FY 2022-23. The above Unit-2 would increase the manufacturing facilities by 825 TPD (Tonnes Per Day) of the company.

“You will be reassured to know that your company has taken steps to ensure smooth continuation of operation and to survive tough time and respond to any unexpected events in the future due to the unforeseen pandemic, your Company took all possible cost control measures across the organisation, mainly to preserve liquidity. With these steps, the company has emerged to meet its business commitments and financial obligations.” Mr Agarwal informed shareholders.

PERFORMANCE IN FY21-22 

Despite the interruption caused by the Covid-19 pandemic in the first quarter of the year under review, we have remained volatile and continued operations with great courage and determination. Your company has generated annual revenue of Rs. 439.89 Crores in FY22 against FY21 revenue of Rs. 285.71 Crores. The EBIDTA (Earnings before Interest, Tax, Depreciation and Amortization) stood at Rs. 22.26 Crores and PAT (Profit after Tax) stood at Rs. 8.31 Crores.

GPBL has added new capacities via amalgamation, Mr Agarwal stated that we are pleased to inform you that the commercial production of one of the Kraft Paper Machine Line and Duplex Board machine at GPBL's new unit located at Muzaffarnagar, Uttar Pradesh has successfully commenced. 

The report further stated that In the last two financial years, India has become a net exporter of paper in terms of volume. Paper consumption in India is likely to witness 6 to 7 per cent annual growth and will reach 30 million tonnes by FY 2026-27, largely driven by emphasis on education and literacy coupled with growth in organised retail. As the economic activity opens up in the post-pandemic era, the growth momentum is likely to get further acceleration. Paper Industry in the country has undergone a transformation of sorts in the last few years. The industry has gone up the sustainability curve and has become far more technologically advanced.

“The Indian paper and paperboard industry has the potential and the capabilities to service the demand in domestic and international market; and also to create huge employment avenues in rural India through agro production and forestry. This will only strengthen if the competitiveness of the value chain is encouraged by the government. The India Paper and Paperboard Packaging Market was valued at USD 10.77 Billion in 2021 and is expected to reach USD 15.69 Billion by 2027, registering a CAGR of 6.63% during the forecast period of 2022-2027.” The report says.
 

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