The losers
GRP has a time series data of 8 years for the Indian pulp and paper sector. It is a powerful indicator of visible changes, not just in companies which have improved but also in those that have slipped. The database also allows GRP to tellingly forecast what the management has to do to improve in the years to come, and why
#11 (2 last time) The Andhra Pradesh Paper Mills Limited (APPML)
In the 1999 rating, APPML scored high because of its efforts to source raw material from farm forestry schemes, and for above average performance in using resources like chemicals and lime. The mill had a lime kiln and its effluent treatment plant was also better than the average in the sector. However as GRP pointed out then, the mill's water consumption was extremely high; it was consuming more than 200 tonnes for every tonne of paper manufactured. The energy consumption of the mill was also much higher than the sector's average
What happened this time?
Sourcing wood from farmers: The mill has continued to do well here
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