JK Paper plans Rs 235cr capex

JK Paper has planned capital expenditure of Rs 235 crore for expansion.

"The board of directors, at the meeting held on April 23, 2005, has approved an investment of Rs 235 crore for expansion of the paper & board business," the company said in a release issued to the BSE today.

The board has also approved issue of preference shares of nominal value up to Rs 1 crore to financial institutions or banks, subject to terms & conditions, the release added.