The Indian paper industry has demonstrated exceptional growth potential in the past few years and has become one of the driving forces behind the growth. As major players from the industry grab export orders, IFL Enterprises has received export orders totalling more than Rs 73 crore.

IFL Enterprises is a fast-growing operator in the paper industry. The latest export order is in addition to the previous month’s export orders worth Rs 192 crore.

The company in a statement said that the new export order will increase revenue as well as profit margins going forward. Several firms, including IFL, are aiming to capitalise on the opportunity due to the solid expansion in the paper sector and increased demand for eco-friendly packaging and other related things.

“The orders span a diverse range of products and are expected to make a substantial contribution to the company’s revenue growth and overall profitability,” it said.

“The latest order is expected to further strengthen the industry’s position and drive growth. It will contribute to sustained growth and also create value,” it added.

Besides, IFL Enterprises has also signed a strategic Memorandum of Understanding (MoU) with Australia-based Charter Paper Pty Ltd which specialises in paper products. 

IFL Enterprises is in the business of trading all kinds of papers and stationery items, offering a diverse product range which includes writing paper, coated paper, A/4 paper, Hi bright, copier paper and much more. It exports its products to South Asian and South African countries.

Notably, the global trend towards sustainability and environmentally friendly solutions has impacted various industries, with paper seeing a rise in demand for a variety of paper-related products. According to the International Project Management Association (IPMA), paper consumption in India will likely reach 30 million tons by the end of FY2027.