Inputs by Mr. Raunak Agarwal, Managing Director, N R Agarwal Industries Ltd.
2021: The year that was
Established in 1993, N R Agarwal Industries Ltd. is engaged in the business of manufacturing quality finished paper products. The company serves both domestic and international markets with its high-quality paper products. In the year 2021, N R Agarwal Industries Ltd. witnessed negative growth in sales due to the COVID‑19 pandemic.
2022: The year that will be
We are planning to install a new coated duplex board unit of 2 lakh tonne per annum capacity and expect to commission it by the end of 2023. This financial year is better in comparison to the last financial year in sales growth; however, acute pressure on waste paper and coal prices had an impact on profitability. In comparison to the last financial year, there is good growth in both domestic and export markets in FY 2021-22 but pressure on waste paper, coal price, and shipping cost is affecting the performance.
Also Read: 2022: Trends Transforming the Paper Industry
Key trends driving the growth
After vaccination of approximately 80-90 percent of the Indian population, there has been no major effect of the third wave of COVID in India. We are expecting good growth in the next financial year and hoping that all the educational institutions will also open in the next financial year.