The company further enhanced it's social farm forestry initiative across all Plant locations there by improving the green cover in the states of Odisha, Gujarat, Maharashtra, Andhra Pradesh and Telengana. This will ensure adequate availability of raw materials at affordable costs and make the Company to remain Wood and Carbon positive.

Commenting on the results, Shri Harsh Pati Singhania, vice chairman & managing director, said, "On consolidated basis, the results have improved due to the acquisition of conugation business during last year and better performance by Sirpur Paper Mills with increased volume and higher sales realisation. However, the Packaging Board business witnessed a drop in volume and sales realization and was impacted by higher Pulp carrying cost."

Meanwhile, the board has approved to set-up Hardwood Bleach Chemical Thermo-Mechinical Pulp (BCTMP) Plant at Unit CPM, Songadh, Gujarat, with capacity of 125,000 ADMT per annum. The company will invest around Rs 650 crore to be financed through mix of internal accruals and borrowings. The said BCTMP Plant is expected to be operational by 2nd quarter of FY 2025-26.

JK Paper is the market leader in branded copier paper in India and amongst the top producers of coated paper and packaging boards in the country. The company is consistently following a policy of focusing on value added products like copier, bond, security, coated papers, virgin fibre packaging boards, high-end maplitho, food grade papers and boards.