JK Paper Ltd. is aiming to achieve 15 percent compounded annual growth rate in revenue over the next five years, its President and Director AS Mehta said.
“JK Paper will have a minimum capacity of one lakh tonnes next year. This will increase to about 1.3 lakh tonnes after the acquisition of a plant in Sirpur. In the next two-and-a-half years, we expect a minimum of about 1.5 lakh tonnes after our capacity expansion in the Gujarat plant,” Mehta told BloombergQuint. "The Sirpur plant and the Gujarat plant expansion would provide us with an additional capacity of around three lakh tonnes and the combined volume would help us achieve about 15 percent CAGR over the next five years.”
The company's outsourcing business would aid the growth further, he said.
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