India's Andhra Paper up on capacity addition plan

Andhra Paper

07/06/2024 06:05

** Shares of Andhra Paper  ANDA.NS  up 3.8% to 507.8 rupees,
on track for biggest one-day jump since late-April 
    ** The paper and packaging co got approval from Andhra
Pradesh Pollution Control Board for additional pulp capacity of
27,500 tonnes per annum (TPA) 
    ** Co currently has existing capacity of 200,000 TPA 
    ** Including session's gains, stock is down 17% YTD vs 7.3%
loss in peer Emami Paper Mills  EMAP.NS , ~71% gain in Century
Textiles  CNTY.NS  

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))