Banganga Paper Industries Reports Strong Q1 Performance with Enhanced Sustainability Focus

Banganga Paper Industries Limited , a leading kraft paper manufacturer, has announced its Q1 financial results, showcasing robust performance and a continued commitment to sustainability. The company reported a total income of ₹21.17 crore for the quarter, demonstrating a solid start to the fiscal year.

Financial Highlights

Operational Achievements and Sustainability Initiatives

Banganga Paper Industries has made significant strides in its operational and environmental practices:

1. MPCB Certification: The company received approval from the Maharashtra Pollution Control Board to operate its Kraft Paper unit until March 31, 2029, reinforcing its commitment to regulatory compliance and environmental standards.

2. Zero Liquid Discharge: Implementing a 100% water recycling system, the company ensures no wastewater is discharged, significantly reducing its environmental impact.

3. Refuse-Derived Fuel Usage: The incorporation of refuse-derived fuel (RDF) along with coal and agro waste in its 12 TPH boiler has led to reduced emissions and improved operational efficiency.

4. Waste Reuse Initiatives:

   • ETP sludge is repurposed as manure and sold for resource recovery.
   • Boiler ash is sold to brick manufacturers, further minimizing waste.

5. Cost Savings: These sustainable practices are expected to result in savings of ₹500 per tonne of kraft paper produced, enhancing the company's cost competitiveness.

Management Commentary

Mr. Karbhari Dhathrak, Chairman & Managing Director of Banganga Paper Industries Limited, expressed optimism about the company's performance and future prospects. He stated, "We are pleased to report a good start with a Total Income of ₹21.17 Cr in the first quarter. This performance reflects our resilience in navigating market conditions while staying true to our core focus on operational efficiency and sustainable growth."

Dhathrak further emphasized the company's commitment to environmental responsibility, stating, "Our continued investments in environmentally responsible practices such as the use of refuse-derived fuel, zero liquid discharge, and resource recovery from waste not only strengthen our cost competitiveness but also reaffirm our long-term commitment to reducing our environmental footprint."

Looking Ahead

With its strong start and ongoing focus on sustainability, Banganga Paper Industries is well-positioned to capitalize on upcoming opportunities in the kraft paper market. The company's dedication to innovation and environmental stewardship is expected to drive long-term value for customers, shareholders, and the communities it serves.

The unaudited financial results for Q1 were approved by the company's Board of Directors at a meeting held on August 11, which commenced at 04:00 PM and concluded at 09:00 PM. The results have been subject to a limited review by the company's statutory auditors, M/s. Jain Chhajed & Associates, Chartered Accountants, who have issued an unmodified opinion on the financial statements.

As Banganga Paper Industries continues to balance growth with sustainability, investors and industry observers will be keenly watching the company's performance in the coming quarters.