See FY12 turnover around Rs 1500cr: JK Paper

In an interview with CNBC-TV18, OP Goyal, Wholetime Director, JK Paper said, the company has Rs 1,600 crore expansion plan. He further said total turnover, last year, was about Rs 1,500 crore and financial year 2012 will be almost the same.
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Jun 03, 2011, 06.04 PM | Source: CNBC-TV18

See FY12 turnover around Rs 1500cr: JK Paper

In an interview with CNBC-TV18, OP Goyal, Wholetime Director, JK Paper said, the company has Rs 1,600 crore expansion plan. He further said total turnover, last year, was about Rs 1,500 crore and financial year 2012 will be almost the same.

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See FY12 turnover around Rs 1500cr: JK Paper

In an interview with CNBC-TV18, OP Goyal, Wholetime Director, JK Paper said, the company has Rs 1,600 crore expansion plan. He further said total turnover, last year, was about Rs 1,500 crore and financial year 2012 will be almost the same.

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In an interview with CNBC-TV18, OP Goyal, Wholetime Director, JK Paper said, the company has Rs 1,600 crore expansion plan. The company is planning rights issue of Rs 250 crore for expansion only. “Post expansion, our capacity will increase almost 60%, present capacity is 2.4 lakh tonne,” he added.

He further said total turnover, last year, was about Rs 1,500 crore and financial year 2012 will be almost the same.

Below is the transcript of his interview with Sonia Shenoy and Ekta Batra of CNBC-TV18. Also watch the accompanying video.

Q: Can you give us an update on your rights issue? How much are you looking to raise? How is it going to be used and when can it hit the market?

A: We are presently doing Rs 1,600 crore expansion and rights issue is about Rs 250 crore only. The proceeds from the right issues will be utilised for the expansion only. Our capacity will increase almost 60%, present capacity is 2.4 lakh tonne and this capacity will increase about 50-60%.

Q: When can we see the rights issue actually hit the markets?

A: Right issues should hit the market by end of July or first week of August. We have applied to the SEBI and we are likely to get the permission from the SEBI shortly.

Q: Where does your current capacity stand? Post this expansion, what will your capacity be?

A: The current capacity is 2.4 lakh tonne, though we produce almost 2.70 lakh tonne. The capacity will increase from 2.4 lakh tonne to almost 3.6 lakh tonne.

Q: Will this help you increase your run rate as well in terms of your revenue? I think you are sitting on a base of Rs 300 crore for the quarter, what will your quarterly run-rate be in terms of a revenue growth?

A: Our revenue growth for the 2011-12 will be same because the expanded capacity will come towards the end of the December and the first week of the next year. So, run-rate will be almost Rs 350 crore or something like that. Total turnover last year was about Rs 1,500 crore and financial year 2012 will be almost the same. If we are able to commission our plant at the end of December, the last quarter, January-March, turnover will be more.

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See FY12 turnover around Rs 1500cr: JK Paper

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