INDIA – Banganga Paper Industries, based in Nashik, has secured approval from the Maharashtra Pollution Control Board (MPCB) to operate its kraft paper manufacturing unit until March 2029.
The approval extends operational certainty for the company, which produces a wide range of paper and pulp-based products for domestic and export markets.
Kicking off the 2025–26 financial year, Banganga reported a total income of INR 21.17 crore (US$2.41m) in Q1, with an operating profit of INR 1.5 crore (US40.17m).
The company manufactures, imports, and distributes a diverse portfolio including writing and printing paper, newsprint, tissue, coated and laminated paper, handmade paper, greaseproof paper, and specialty grades like filter paper.
The MPCB’s green light strengthens Banganga’s position in India’s expanding kraft paper market, which is seeing growing demand from the corrugated packaging sector.
Kraft paper remains a crucial raw material for corrugated box manufacturers, with demand fueled by the rapid rise of e-commerce, FMCG, and exports.
Industry analysts project India’s kraft paper demand to grow at 8–10% annually, supported by government restrictions on single-use plastics and increasing interest in recyclable alternatives.
News Courtesy: Sustainabilitymea