Board approves Rs 500 cr Hybrid Renewable Power Project
JKPAPER · price
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JK Paper's board approved setting up a Hybrid Renewable Power Plant combining solar and wind capacity at an estimated cost of Rs 500 crore. The project will be funded through a mix of internal accruals and borrowings, with expected commissioning in Q3 FY 2027-28. The move aims to cut dependence on coal-based power, lower long-term energy costs, reduce volatility, and support the company sustainability and carbon footprint goals.
Positive for long-term cost savings and energy security; Rs 500 cr capex may pressure near-term returns on capital.