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Tamil Nadu Newsprint and Papers Ltd (TNPL) to set up a multilayer double-coated board factory at a cost of Rs 1,200 crore.
It may be noted, the new factory will come in Tamil Nadu Chief Minister J Jayalalithaa's constituency.
Making a statement at the Assembly today, the Chief Minister said a Multilayer Double Coated Board factory would be set up by TNPL at a cost of Rs 1,200 crore at Sri Rangam constituency in Tiruchy district.
She said the factory would become functional in March 2016 and would provide direct and indirect employment to 2,000 persons.
TNPL was promoted by the Government of Tamil Nadu in the year 1979 to produce Newsprint and Printing and Writing Paper with bagasse as primary raw material and its factory located at Pugalur in Karur District with a capacity 90,000 tonness per annum was commissioned in 1985.
Simultaneously, the pulp production capacity also has been increased from 250 tons per day to 880 tons per day. TNPL has emerged as the largest bagasse based paper mill in the world and the second largest producer of printing and writing paper in the country. The production during the year was 3,71,637 tons with 93% capacity utilisation.
TNPL is the largest exporter of printing and writing paper from India. TNPL has exported 70,951 tons of printing and writing paper during the financial year 2012-13.
In the recent years the company has owned serious of new projects, including setting up a 600 tpd Cement Plant at an outlay of Rs 100 crore, installation of a 300 tpd De-inking pulp plant at an outlay of Rs 174 crore. De-inked pulp will be produced from waste paper. Production will commence in May 2013.
TNPL also said its revamping of the steam and power generation system by installing a new boiler by replacing three old boilers and installing a new 41 MW capacity turbo generator (TG) by replacing two less efficient old Tgs of 18.5 MW capacity, at an outlay of Rs 145 crore. The project will be completed by May 2013.
To set up a 100 tpd Wet Ground Calcium Carbonate (WGCC) Plant within the factory on BOO (Build- Own-Operate) basis to replace the purchased WGCC. Environmental clearance has been obtained. The project will be implemented by September 2013.
To set up a 200 tpd Precipitated Calcium Carbonate (PCC) Plant within the factory on BOO basis to
replace purchased PCC. The project will be implemented by March 2014.
Presently the Government of Tamil Nadu holds 35.32% shares in the company and the Government of Tamil Nadu owned companies hold 4.06% shares. The balance shares are held
by Foreign Institutional Investors (FIIs), Financial Institutions, Mutual funds, Insurance companies Corporate bodies and general public.
The likely turnover during the year 2012-13 will be about Rs.1,800 crore. The profit before tax will be about Rs.130 crore, according to State Industries Department policy note.
