N R Agarwal Industries Ltd

N R Agarwal Industries Limited is one of the fastest-growing paperboard companies in India, servicing the growing needs of the modern packaging sector. The Company's core expertise lies in the manufacture of multi-layer paperboards alongside writing and printing paper, catering to a range of industrial and commercial applications. As on March 31, 2026, the promoter group held 74.29% of the Company's issued, subscribed and paid-up equity share capital. The company operates two plants at Vapi, Gujarat with an installed capacity to produce 25200 MTPA of Duplex Boards and 30000 MTPA of Newsprint on three shift basis. The company's Duplex Boards, which are marketed under N R brand is used by reputed FMCG companies as packaging material. The company has more than 100 companies on its client list including blue-chip names such as Brooke Bond, Glaxo, ITC, Colgate-Palmolive, Johnson & Johnson, Emami and Balsara. The company came out with a public issue in Jul 1994 to part finance its project of setting up a 15000 tpa plant in Gujarat to manufacture Duplex Boards and Kraft paper. Later during the year 1998-99 the company has commissioned Newsprint manufacturing plant and production commenced from July 1998. Further next year the company has installed additional equipment in the newsprint project which has resulted in enhanced production and improved quality of newsprint. The Company commissioned 3MW power plant in its Newsprint Unit in December, 2004. It carried out the major expansion-cummodernisation in the said Duplex Unit thereby enhancing the capacity from 32400 fpa to 54000 tpa and recommenced the plant in July 2005. During 2006, the two paper and paper board companies, N. R. Paper and Boards Limited and Suman Paper and Boards Limited (Transferor Companies) got amalgamated with the Company, as per the Scheme of Amalgamation approved by Shareholders in their meeting held on 16 August, 2006, which became effective on March 6, 2017. The Company manufactured Kraft Paper till December, 2011 in its Unit No.II and effective January 1, 2012 the Company has started manufacturing Newsprint. The Company set up a 300 TPD Newsprint/Writing/Printing/Kraft paper project at Sarigam, Gujarat in 2012. In 2019, the Company introduced copier paper, widening its products complement. The Company commissioned a 240000 TPA Duplex Board Plant on March 14, 2024. In FY 2025-26, Company undertook a major expansion initiative through the proposed setting up of a new Multilayer Board Plant (Unit VI). As part of the project, the Company acquired a 4.3-meter deckle board paper machine having the capacity of 1020 TPD, along with pulp stock preparation equipment. The Company commenced operations at the Dahej Plant, Gujarat.