JK Paper Limited has informed the Exchange about General Updates
JKPAPER · price
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JK Paper Limited has informed the exchanges that the commissioning of its Hardwood Bleached Chemi-Thermo-Mechanical Pulp (BCTMP) Plant has been pushed back. The plant was earlier expected to start operations by the second quarter of FY 2025-26, but is now expected to be commissioned by the fourth quarter of FY 2025-26 (i.e., January-March 2026). The company attributed the delay to global logistics disruptions and unusually heavy rainfall in Gujarat, where the plant is located. This is an update to the company's earlier communication dated 24th July 2023 regarding the project timeline.
The roughly two-quarter delay means the revenue and cost-saving benefits from this new pulp plant will not start flowing until early 2026, which may modestly affect near-term production plans and margins. For shareholders, this is a negative signal on project execution timelines, though the reasons cited are external and beyond the company's control.