JK Paper On Expansion Spree

JK Paper Ltd is planning to increase capacity of maplitho and copier papers with an investments of Rs 500-700 crore. The company has started trial production at its 60,000 tonnes multi-layer duplex board project at its Gujarat plant. The company is also setting up a 12-MW power plant at its Gujarat plant. JK papers has reported a gross income of Rs 932.81 crore for financial year ended June 2007. The company''s PBIDT stood at Rs 156.35 crore, up 15.8 per cent against Rs 145 crore reported in the previous financial year. Profit after tax for the year was Rs 46.10 crore, up 29.8 per cent compared with Rs 35.52 crore in the previous year.