Kay Power and Paper, engaged in manufacturing of MG Kraft Paper, announced today that it has undertaken the expansion of current capacity of paper division from 15,000 TPA to 20,000 TPA.

The company is also proposing to add some additional equipments for improving the quality of paper.    

Shares of the company gained Rs 0.51, or 10.63%, to settle at Rs 5.31. The total volume of shares traded was 65,880 at the BSE (Monday).