PROJECT

Projects

Summary of Investment Information

Project Number

43078

Company Name

JK PAPER LIMITED

Date SPI Disclosed

May 29, 2020

Country

India

Region

South Asia

Projected Board Date

Jun 30, 2020

Environmental Category

B - Limited

Status

Active

Last Updated Date

Sep 12, 2025

Department

Regional Industry - MAS Asia & Pac

Industry

Agribusiness and Forestry

Previous Events

Approved : Jun 26, 2020
Signed : Dec 2, 2020
Invested : Dec 13, 2021

Sector

Other Paper (Including Multiple Types)

Project Description

JK Paper Limited (“JKPL” or the “Company”) is a leading Indian producer of office papers, packaging boards, printing and writing papers, and specialty papers, and is publicly listed on both the Bombay Stock Exchange and the National Stock Exchange of India. In 2018, IFC disbursed US$44.7 million in the form of an INR denominated A loan to the Company to help improve its productivity and refinance its existing debt. The proposed IFC investment would fund (i) the incremental working capital needs due to the impact of COVID-19; and (ii) any potential shortfall in cash flow generation for planned and future capital expenditures (together, the “Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation