Small-cap stock engaged in the business of producing paper, optic fibres and many more,with a global presence jumped 6 percent in the day’s trade upon doubling its optic fiber manufacturing capacity.
With a market capitalization of Rs. 4,178.58, the shares of West Coast Paper Mills Limited were trading at Rs. 632.65, up 1.38 percent from its previous day’s close price of Rs. 622.65.
West Coast Optilinks, a division of West Coast Paper Mills Limited and a prominent Indian manufacturer and exporter of Optical Fiber Cable has announced that it has successfully doubled its manufacturing capacity for Optical Fiber Cable by setting up a new manufacturing unit at Fab City, Hyderabad, Telangana.
This development aligns with the Company’s commitment to meet the rising demand driven by global 5G rollouts and is in line with the objectives of Atmanirbhar Bharat and the Digital India initiative.
West Coast Paper Mills Limited is primarily engaged in the business of producing paper for printing, writing, and packaging. It has a global presence and it has one of the largest dealer network for paper in India
West Coast Paper Mills Limited’s generates 93 percent of its revenue from paper business and 7 percent from the cable business.
Its revenue from operations grew by 45.69 percent from Rs. 3,378 Crores in FY22 to Rs. 4,921 Crores in FY23, accompanied by increasing profits of Rs. 346 Crores to Rs. 1,087 Crores.
Written by: Bharath K.S
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