JK Paper Share Price | Latest News

JK Paper is currently trading at Rs. 36.50, up by 0.10 points or 0.27% from its previous closing of Rs. 36.40 on the BSE.

The scrip opened at Rs. 36.70 and has touched a high and low of Rs. 36.75 and Rs. 36.40 respectively. So far 1385 shares were traded on the counter.

JK Paper, a flagship company of the JK Singhania group, is planning to launch new high-end products such as pigmented office paper and corrugated paper, considering increasing paper demand in India. It has inked pact with Hewlett Packard for introducing Colorlok technology for launching a new range of copier papers for the first time in India. 

The company plans to include a high-end product in its new portfolio of pigmented office paper category, used mostly by hospitals for medical and various scan reports. Currently, India does not produce this product, depending totally on imports to the tune of about 1500 tonnes a month. 

The company’s new plant is coming up beside its existing one in Odisha, involving a capacity of 1.65 lakh tonnes per annum and an investment of Rs 1,650 crore. The new plant is expected to go on stream in the first quarter of 2013-14, taking up its total capacity to 4.55 lakh tonnes per annum. [Via]

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