Latest news with #ProjectNirman
Yahoo
22-05-2025
- Business
- Yahoo
Kuantum Papers Ltd (BOM:532937) Q4 2025 Earnings Call Highlights: Navigating Challenges with ...
Release Date: May 21, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Kuantum Papers Ltd (BOM:532937) maintained its sales and production volume in FY25 despite lower realizations. The company achieved the highest ever biomass usage at 48%, reflecting a commitment to greener operations. Significant progress in Project Nirman aimed at enhancing operational excellence through Industry 4.0 tools and automation. Mill expansion and upgradation project is on track, with purchase orders worth approximately 540 crores already issued. Development of a new copier grade paper using a higher proportion of agro pulp, aligning with sustainable manufacturing goals. The Indian paper industry faces strong headwinds due to rising raw material costs and cheaper imports from China and ASEAN countries. Operational income for Q4 declined by 7% year-on-year, and net profit decreased by 23% year-on-year. The company reported a 9% decline in operational income for the financial year ending 2025 compared to the previous year. Margins were pressured due to lower realizations and increased raw material costs. The company faces competition from the MDF industry for raw material procurement, contributing to increased wood pricing. Warning! GuruFocus has detected 3 Warning Sign with BOM:532937. Q: How is Kuantum Papers addressing environmental concerns related to water usage in paper manufacturing? A: Mr. Bhavan Kean, Vice Chairman and Managing Director, explained that while paper manufacturing does consume water, Kuantum Papers treats this water in state-of-the-art treatment plants and provides it to surrounding villages for irrigation. The company has also reduced groundwater usage by sourcing water from a nearby dam, thus mitigating environmental impact. Q: Is there any restatement of previous quarters' volume numbers? A: Mr. Vikram Keta, Chief Financial Officer, clarified that previous reports included byproducts like pulp in sales figures. Moving forward, only paper sales will be reported, which explains the apparent decline in volume. Q: What is the outlook for writing and printing paper prices in the short term? A: Mr. Bhavan Kean indicated that prices are expected to increase due to rising international wood prices and recent increases in board paper prices. A 6-7% price increase is anticipated, which would benefit the industry. Q: How will Kuantum Papers utilize its expanded capacity post-March 2026? A: The company plans to commission upgrades to its paper machines by March 2026, with full capacity utilization expected by the 2026-27 financial year. The existing dealer network is expected to absorb the increased production. Q: What is the company's stance on dividend policy and potential entry into new segments like molded cutlery? A: While there is no concrete dividend policy, the board is aware of the need to provide returns to investors. Currently, the focus is on completing the ongoing CapEx projects, and there are no immediate plans to enter new segments like molded cutlery. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Fashion Network
21-04-2025
- Business
- Fashion Network
ArcelorMittal Nippon Steel India begins apparel unit project in Odisha
ArcelorMittal Nippon Steel India has initiated the development of a new apparel unit in Keonjhar's Jatra village in Banspal block under its corporate social responsibility initiative, Project Nirman. Designed to help support local self-help groups, the facility will be named the Gandhamardan Apparel Unit. The project is designed to give women across Keonjhar sustainable livelihood opportunities through the Gandhamardan Apparel Farmer Production Company, Apparel Resources India reported. The organisation comprises over 480 women from 80 local self-help groups. While the land will be provided by the FPC and villagers, AM/NS India will construct the complex. The facility will include a production area with 75 stitching units, a store, office, sales counters, restrooms, and DG backup to ensure uninterrupted operations. Once complete, the infrastructure is expected to support the FPC's business growth in line with the objectives of Mission Shakti and the Odisha Livelihoods Mission. A foundation stone-laying ceremony was held in the presence of Dr Fakir Mohan Naik, MLA, Telkoi, and senior representatives from AM/NS India and local administration. Around 500 women self help group members and community participants also attended the event. Naik commended AM/NS India for supporting the economic empowerment of women and pledged government assistance in facilitating school uniform procurement, which would generate additional income for the apparel unit's workforce.
