Tamil Nadu Newsprint and Papers (TNPL) is planning to set up a packaging board manufacturing unit in Tiruchi district of Tamil Nadu.
TNPL intends to invest Rs 1,200 crore to set up a new plant over 989 acre in Srirangam Constitutency on the Kulithalai-Manaparai State Highway near Mondipatti village of the district. The manufacturing unit envisages production of high-end, white liner boards for folding boxes. Packaging board as a segment in the paper industry is among the fastest growing products. The unit will have a single machine of two lakh tonne capacity.
TNPL will commence work on the project in the current year, while it is planning to commission the unit by March 2016. The project will be funded through internal accruals and term loans.