News On Projects
Products & Services
Projects Database
Tenders Database
E - Newsletter
EPXonline.com
Project Financing
Contracts & Awards
Energy
Electricity
Mining
Oil & Gas
Infrastructure
Airport
Port
Railway
Road
Freezone
Construction
Manufacturing
Cement
Engineering
Automobile
Plastic
Metal
Textile
Paper & Packaging
Leather
Sugar
Edible Oil
Electrical & Electro
Processing
Chemical
Drugs & Pharma
Fertiliser
I-C-T
Communication
IT
Telecom
Water
Pump Station
Water Treatment
Water Supply
Hospitality
Hotel
Restaurant
Resort
Entertainment
Sports
Multiplex
Theme Park
Food & Beverages
Hospital
Service
Social
Science
Irrigation
Government
Policy
Economic Indicators
Company News
Commerce
Miscellaneous
News Uploaded On : Monday, July 17, 2017 10:08:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
 E-mail this to a friend        Printable version       Story Viewed 6762 Times
Hindustan Paper units seek ₹900-cr govt aid.
The officers and supervisors of PSU firm Hindustan Paper Corp’s Cachar and Nagaon paper mills recently requested the government to revive the units immediately by pumping in about ₹900 crore.

“The Nagaon unit’s last production day was March 13 this year with an output of 270 tonnes against an installed capacity of 300 tonnes a day. If we keep the unit more non-functional, the investment to revive it will be higher,” Nagaon Paper Mill (NPM) Officers’ & Supervisors’ Association President Hemanta Kakati said at a press conference here.

The production at Cachar Paper Mill has been stopped since October 2015, he added.

“If the government provides ₹900 crore, then both the units can start functioning immediately. Out of these, ₹500 crore will be required for paying the pending dues and salaries and ₹400 crore as working capital for both Nagaon and Cachar units,” Kakati said.

HBL

Post your comments:

Your name: *
E-Mail Id:
E-mail ID will not be published
Comment: *
Maximum 500 Characters
    
Related Stories
Vector Green refinances two solar projects in Telangana.
ARS Steels draws up ₹240-cr expansion plan.
Adani group to invest Rs. 750 cr in West Bengal.
Scientific publisher Omics scripts major expansion; plans ₹1,000-cr investment.
Reliance will invest ₹5,000 crore in West Bengal: Mukesh Ambani.
Nalco seeks approval for Pottangi bauxite mining lease in Koraput.
Essar Steel gets consent to establish Odisha iron ore block.
JSW Steel hopes to start work on 12 mt Paradip steel plant in FY19.
Jubilant Life receives green nod for Rs. 2.5-bn greenfield pesticide project.
Cairn India to invest Rs. 370 bn to ramp up crude production in Rajasthan.
RELATED PROJECTS & TENDERS

Projects

... More projects

Tenders

Click here to view Tenders Database
ADVERTISEMENT
MOST POPULAR STORIES NOW
For all enquiries please contact
Tel: 022 - 25961254, 25960909
Mobile: 9821464666/09751178830
Mail: marketing@newsonprojects.com

OUR OTHER PRODUCTS & SERVICES:    Projects Database   |   Project e-Newsletter   |   Tenders Database   |   Commissioned Power Plants   |   Company Index
About Us   |   Contact Us   |   Terms of Use   |   Advertise with Us   |   Privacy Policy   |   Disclaimer   |   Feedback