JK Papers Ltd, the flagship arm of the Singhania Group, is eyeing Rs 2,500 crore business next fiscal, according to a top company official.
“We are targeting to end this fiscal with over Rs 1,700 crore business as against Rs 1,500 crore last year. Next year we expect to surpass Rs 2,500 crore with our expansion plans, both in production capacity and in marketing network,” JK Papers Ltd President A.S Mehta said.
As of now, products are made available in all major cities as part of its pan-India presence. New territories are being explored where JK Papers does not have distribution, he said, adding the company would focus on tier II and III towns in future, he said.
On the exports front, he said the quantum is expected to double from the current 1200-1500 tonnes to over 3,000 tonnes next year, equivalent to Rs 150 crore.
“For export market expansion, a comprehensive market survey, scanning and identity of locations and distributors has been done as a prelude. The thrust will be on expansion in Middle East and the more vibrant African countries,” he added.
“JK Papers is set for this massive expansion with an investment of Rs 1,650 crore,” Mehta said.
He added “We could have a simple expansion by adding machines of 50,000 tonne capacity of copier papers. But the idea is to build a most modern facility with state-of-the-art technology with a viable capacity with one single machine“.
Besides this, JK Papers is also putting up a brand new pulp mill with additional capacity.
To support these endeavours, the company would invest Rs 25 crore to build the most modern warehousing process which would be totally automated, Mehta said.