Page 2 - Jk Paper India
JK Paper lines up Rs 650 crore for investment, capex
JK Paper Limited (JKPL) line up around $100 million for investment and capex. The project will be backed by IFC's investment of around $50 million.JKPL is a leading Indian producer of office papers, packaging boards, printing and writing papers, and specialty papers.The proposed project consists of capacity and efficiency improvement capital expenditures at the two existing plants and refinancing of existing debt.IFC's investment aims to help the Company improve its productivity and restructure its balance sheet, in the process preparing the Company to capitalize on growth opportunities expected to be available in the sector in the short to medium term.The total project cost is estimated at approximately US$100 million. The proposed IFC investment is in the form of secured non-convertible debentures (NCDs) of up to Rs 3.35 billion ($50 million equivalent).The Project locations are at the Company's two plants JK Paper Mills, also called Unit JKPM located at Odisha, and in Central Pulp .
 "JK Paper lines up Rs 650 crore for investment, capex")
JK Paper's Q1 net up 79% at Rs 26.6 cr
Gross sales rose 4% to Rs 710.8 cr
