Polyspin Exports Limited
has informed that the company has decided to temporarily stop the production of paper bags business due to prevailing unremunerative sale price for paper bags and increase in raw material prices in international market for the past few months.
The resumption of production will depends upon the profit realization for the paper bags.
The current market cap of the company is Rs76cr.
At around 1:40 PM, Polyspin Exports was trading at Rs76.10 per piece lower by 13.13% on Sensex.