Link / India: JK Paper lines up Rs 650 crore for investment, capex
(Chennai, India, May 24, 2017) JK Paper Ltd (JKPL) has lined up an investment of around $100 million (Rs 650 crore), part of which will be accounted for by the International Finance Corporation (IFC) putting in around $50 million.
The proposed project entails capacity expansion and efficiency improvement, capital expenditures at the two existing plants, and debt refinancing.
The proposed IFC investment is in the form of secured non-convertible debentures (NCDs) of up to Rs 325 crore ($50 million equivalent). The project locations are the company’s two plants in Odisha and Gujarat. The project will support the company’s efforts to make its plants more energy-efficient by reducing the usage of water and coal.
To read complete report Go To: JK Paper lines up Rs 650 crore for investment, capex (Source: Business Standard)