JK Paper has received an approval to set up additional capacity up to 2 lakh TPA of Packaging Board, pulping facilities up to 1.60 lakh TPA and utilities, etc. at Unit CPM, Gujarat. The Project cost of approximately Rs 1450 crore would be funded with a mix of internal accruals and long term debts. The Board of the company at its meeting held on May 14, 2018, approved the same.
The Board also approved the proposed issue of Non Convertible Debentures of up to Rs 500 crore.
JK Paper is engaged in paper manufacturing business. The company is India’s largest producer of branded papers is a leading player in the printing and writing segment.
Company Name | CMP |
---|---|
JK Paper | 372.05 |
TN Newsprints | 268.10 |
West Coast Paper | 643.35 |
Emami Paper Mills | 112.05 |
Andhra Paper | 511.70 |
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