JK Singhani Group’s JK Paper will buy an equity stake in Myanmar's largest state-owned pulp mill, reports said.
JK Paper will initially operate the Thar Paung Paper and Pulp Mill and subsequently expand capacity and export pulp for its Indian operations.
The deal would work well for the JK group as it would cost nearly Rs.4-5bn to build capacity similar to that of Thar Paung Mill in Myanmar.
The mill produces about 70,000 tonnes of pulp and about 15,000 tonnes of paper annually.