|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.