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Hindustan Paper plans Rs.1,380 crore capacity expansion

Sunday, 11 Mar 2007
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Hindustan Paper Corporation, (HPC) has earmarked a Rs.1,380 crore capital expenditure plan for upgrading and expanding its units in Assam and Kerala.

HPL has planned a Rs.660 crore modernisation drive at the Cachar Paper Mill (CPM) and Nagaon Paper Mill (NPM) in Assam as part of steps to position itself as a leading player in the Indian paper industry. The company has also decided to launch a Rs.719 crore expansion and diversification drive at Hindustan Newsprint Ltd., (HNL) in Kerala to expand its capacity to three lakh tpa. These projects will be completed by 2009.

HPC also planned to set up a greenfield plant in north India with a capacity of three lakh tpa. The company has also chalked out a Rs.552 crore revival scheme for Nagaland Pulp & Paper Co, in Nagaland by doubling the installed capacity to 66,000 tpa.

Also See:

HPC to implement Rs.660 crore upgradation plan (20-Apr-06)

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