JK Paper to raise Rs. 225 cr overseas via FCCB issue

JK Paper is raising Rs. 225 crore from a consortium of international development financial institutions including FMO, DEG and Proparco through FCCBs, to part finance capacity expansion. The company is in the process of implementing a Rs. 1,500-crore expansion programme at Orissa where it will raise the capacity from 2.4 lakh tonnes to 3.6 lakh tonnes.crackcrack