| The Board of JK Paper at its meeting held on 24 July 2023 inter-alia, with the objective of backward integration, considered and approved setting-up of Hardwood Bleach Chemical Thermo-Mechinical Pulp (BCTMP) Plant at Unit CPM, Songadh, Gujarat, of capacity of 125,000 ADMT per annum, subject to requisite approvals and clearances. The company will
invest around Rs. 650 crore to be financed through mix of internal accruals and borrowings. The said BCTMP Plant is expected to be operational by 2nd quarter of FY 2025-26.
This would enable the Company to reduce its dependance on external sources of supply and address the issue of price volatility of Hardwood BCTMP. |