JK Paper Ltd. has announced the setup of a Hybrid Renewable Power Plant, comprising Solar and Wind Power. This project, estimated to cost approximately Rs. 500 crore, will be financed through a mix of internal accruals and borrowings. The plant is expected to be commissioned in the third quarter of the financial year 2027-28, enhancing the company’s green energy footprint.
Renewable Energy Initiative
JK Paper Ltd. has approved the establishment of a Hybrid Renewable Power Plant, incorporating both Solar and Wind energy sources. This initiative underscores the company’s commitment to sustainability and reducing its carbon footprint. The project was approved during a Board of Directors meeting held on February 5, 2026.
Project Details and Financials
The Hybrid Power Project is estimated to cost approximately Rs. 500 crore. Funding will be sourced through a combination of internal accruals and borrowings. The company aims to enhance its energy security and contribute to long-term sustainability by reducing its dependence on coal-based power and mitigating energy cost volatility.
Commissioning Timeline
The commissioning of the Hybrid Renewable Power Plant is projected to occur in the third quarter (October-December) of the financial year 2027-28. This strategic move aligns with the company’s objectives of promoting green energy and achieving its sustainability goals.
Source: BSE
