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JK Paper begins commercial production at new packaging board plant in Gujarat; Stock soars 2.5%

This will increase the Company's Annual capacity from 4.55 lac TPA to 6.25 lac TPA.

January 17, 2022 9:42 IST | India Infoline News Service
JK Paper Ltd has informed that the Board of Directors of the company had accorded its approval for setting up of Packaging Board plant at its Unit CPM, Gujarat.

Further the company announced that commercial production from new Packaging Board plant has commenced from January 14, 2022.

This will increase the Company's Annual capacity from 4.55 lac TPA to 6.25 lac TPA and enhance its market share in packaging board segment, said JK Paper in a regulatory filing,

On Monday at around 9:41 AM, JK Paper was trading at Rs217.60 per piece up by Rs5.4 or 2.54% on the BSE.

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