JK Paper Limited announced that the Board of Directors of the Company at its meeting held on July 24, 2023, approved setting-up of Hardwood Bleach Chemical Thermo-Mechinical Pulp (BCTMP) Plant at Unit CPM, Songadh' Gujarat, of capacity of.125,000 ADMT per annum, subject to requisite approvals and clearances. The company will invest around INR 650 million to be financed through mix of internal accruals and borrowings. The said BCTMP Plant is expected to be operational by 2nd quarter of fiscal 2025-26.

This would enable the Company to reduce its dependance on external sources of supply and address the issue of price volatility of Hardwood BCTMP.