JK Paper set to invest Rs. 14.5 billion to expand capacity at Gujarat plant.

JK Paper will make an investment of Rs. 14.5 billion to expand capacities at its Gujarat plant. The investment will go into expansion of packaging board capacity by up to 200,000 tonnes and pulping facilities by up to Rs. 160,000 tonnes.

The project will be funded via a mix of internal accruals and long-term debt, said Harsh Pati Singhania, vice-chairman and managing director. The demand for packaging board is robust and the expansion will help the company take advantage of market conditions, he added.

BS