The Hindu Business Line : JK Paper plans Rs 700-cr expansion

New Delhi, July 26 JK Paper Ltd is in the process of finalising an expansion plan to increase capacity in maplitho and copier papers. The investments would be Rs 500-700 crore to be spread over the next three to four years, company Managing Director, Mr Harsh Pati Singhania told Business Line.

“The exact details of the expansion plan are still being worked out. Currently, the company enjoys 40 per cent market share for copier papers and maplitho is also a growing market. Since we already have a strong presence in these segments we would focus on these areas,” he said.

The company has started trial production at its 60,000 tonnes multi-layer duplex board project at its Gujarat plant. “The machine is under stabilisation and we expect to start commercial production within the next three to four months and we have already received encouraging response from our customers.”

The company is also setting up a 12-MW power plant at its Gujarat plant. “It would be a multi fuel plant but basically we are looking at coal as the main fuel though we might use some amount of lignite also,” he said.

PAT up 30%

JK papers has reported a gross income of Rs 932.81 crore for financial year ended June 2007. The company’s PBIDT stood at Rs 156.35 crore, up 15.8 per cent against Rs 145 crore reported in the previous financial year.

Profit after tax for the year was Rs 46.10 crore, up 29.8 per cent compared with Rs 35.52 crore in the previous year.

‘Highest sales’

Mr Singhania said: “The company achieved its highest ever sales volumes at 210,548 tonnes during the year… The record performance is the result of high capacity utilisation of 110 per cent, improved operating efficiencies and significantly higher sales in the copier and coated Paper segments.”

Related Stories:
JK Paper Q4 net down 39 pc

More Stories on : Outlook | Paper | rd & Newsprint

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page