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News Uploaded On : Monday, July 17, 2017 10:08:00 AM IND Back  |  Latest Projects  |  Latest Tenders
 
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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

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