JK Paper Ltd Unit Hit by Strike, Production Drops by 20%

JK Paper Ltd's Unit: CPM at Fort Songadh, Distt Tapi, Gujarat has been hit by a strike called by trade unions of a section of workers. The strike, which began on March 17, 2025, has resulted in a disruption of manufacturing activities, leading to an estimated 20% less production than normal. The company management is in discussions with the trade unions to resolve the issue amicably. The strike is due to a long-term settlement demand for a higher revision in wages. All assets are covered by insurance.