West Coast Paper Mills500444Paper manufacturing
West Coast Paper stock surged 30% this month and 130% this year, with the rally linked partly to rain deficiency affecting water-intensive paper production
By ScoutQuest · · 1 min read
- Stock rise this month
- 30 percent
- Stock rise this year
- 130 percent
- Pulp requirement
- 950000 MTPA
- Daily water consumption
- 60000 kiloliters
Heard on business television between 15:19:23 - 15:22:23 IST.
- West Coast Paper stock is up 30% in October and 130% year-to-date.
- Mayuresh Joshi noted the company needs about 950,000 MTPA of pulp and consumes 60,000 kiloliters of water daily from the Kali river.
- Rain deficiency in Karnataka and Maharashtra could hurt capacity utilization for West Coast and the paper industry broadly.
- Joshi said paper prices across categories (board, raw, imported, stationery, writing paper) are likely to rise due to lower utilization.
- He noted companies are largely self-sufficient in captive power but water and pulp usage amid deficient rains remains a key watch point.
- Another factor cited for the stock move was West Coast's optical fiber business (discussion was cut off).
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