In paper industry case, the capex are large and hence they dont come every year. Still they have announced one plant in ludhiana which is happening now and one pulp mill that will come into place after FY 25. Also, they have acquired one company in mono layer packaging recently for about 90 Crores. Some or the other thing is going on. Also, the capacity utilisation is pending in the 2 companies that they acquired (Horizon and Securipax)
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