JK Paper plans to invest 1,500 crore (USD 330 million) over two years to expand its paper capacity by 1,50,000 tonnes to 4,00,000 tonnes annually. The company will also set up a 2,00,000 tonne pulp mill and enhance captive power production to 55 MW from 35 MW. JK Paper intends to retain its leadership in the branded paper & office paper segment with this new capacity.