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Ballarpur Ind sees margins boost in Jan-March

Ballarpur Ind sees margins boost in Jan-March
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First Published: Thu, Nov 17 2011. 07 26 PM IST

File photo (Bloomberg)
File photo (Bloomberg)
Updated: Thu, Nov 17 2011. 07 26 PM IST
New Delhi: India’s largest paper maker Ballarpur Industries Ltd expects to improve its margin significantly from Jan-March as it has raised prices and new pulp capacity lowers cost, its finance chief said on Thursday.
File photo (Bloomberg)
The company expects to boost its operating margin by 200 bps in the March-quarter from 19% in July-Sept as fresh pulp capacity began operation at its Malaysia unit, B. Hariharan, group director (finance), told Reuters in a telephonic interview.
The margin would rise further to 24% next fiscal year after pulp capacity expansion in India is completed in the June-quarter, he said.
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First Published: Thu, Nov 17 2011. 07 26 PM IST