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JK Paper receives approval for acquisition of Manipal Utility Packaging Solutions; acquisition is in synergy with long-term strategic objective of the company and its subsidiaries in the packaging business

IPMA expects paper consumption in India to reach 30 million tonnes by March 2027, which includes investment plans by JK Paper, West Coast Paper Mill, Tamil Nadu Newsprint & Paper, APP; India's pulp, paper industry has seen CAGR of about 8% from 2018-2022

Major paper producers in India include Ganga Papers India, Shree Ajit Pulp and Paper, Balkrishna Paper Mills, Emami Paper Mills, Tamil Nadu Newsprint and Papers, West Coast Paper Mills, JK Paper, Satia Industries

JK Paper to build new hardwood BCTMP pulp plant at Unit CPM in Gujarat, India, with capacity of 125,000 ADMT/year, in order to integrate the mill; company will invest around 6.5B Indian rupees in pulp plant, aims to start it up by Q2 fiscal 2025-26

Indian papermaker JK Paper posts net profit after tax of 2.8B rupees for first quarter, driven by higher prices for its papers and packaging boards and easing of some input costs; result is up 64.7% from 1.7B a year ago

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