The Ayodhya units pulp production capacity will increase by 30 per cent with this expansion.At present, 87 per cent of its around Rs 420 crore top line come from paper packaging and the rest from moulds for food serving, which the company entered in 2018.We could not build scale so far as the segment is highly price sensitive given that the moulds come 2.5-3x costlier than existing non-degradable products.
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