Banganga Paper Industries Ltd. is (BSE: 512025) is one of the leading manufacturers and suppliers of a diverse range of Kraft paper.
Earlier, the company entered into a Power Purchase Agreement (PPA) with Livint Green Technologies Ltd. Livint Green Technologies Ltd., will develop, own, and operate a 2.5 MW DC ground mounted solar power plant at Karjat Village, Ahmednagar District, Maharashtra. This solar facility will supply clean energy to Banganga Paper Mills’ manufacturing unit in Nashik, ensuring a reliable and cost-effective renewable energy source. Banganga Paper Mills Limited will hold a 26% equity stake in the power-producing entity, while the remaining 74% will be retained by Livint Green Technologies Ltd.
Over time, access to cleaner and potentially more cost-efficient energy through the PPA is expected to contribute positively to the company’s operational profile.
Banganga Paper Industries Ltd. is one of the leading manufacturers and suppliers of a diverse range of Kraft paper. The company’s wholly owned subsidiary, Banganga Paper Mills, located in Dindori, Nasik, and operates a state-of-the-art facility spread across more than 10,000 square meters. With an installed production capacity of over 100 metric tonnes per day, the facility produces various types of corrugated papers with different GSM ranges, which are further used in the manufacturing of paper bags, paper cones, boards, and corrugated boxes. Additionally, it manufactures a wide range of craft paper, also available in various GSM ranges.
Committed to sustainability, the company manufactures its products using recycled paper, ensuring an eco-friendly approach to production. The company’s products are food-grade, making them ideal for packaging fruits, vegetables, and other food items.
Additionally, Banganga Paper Industries Limited adopts an environmentally conscious manufacturing process, reusing 100% of water and chemicals to significantly reduce fresh water consumption. Operating round-the-clock on a six-day working cycle, the company maintains uninterrupted production while upholding high standards of safety, quality, and environmental responsibility.
In FY25 the company reported Consolidated Total Income of ₹ 58.24 Cr, EBITDA of ₹ 4.90 Cr, and Net Profit of ₹ 1.88 Cr.
