TNPL earmarks Rs 2,520 crore for expansion plans

Tamil Nadu Newsprint and Papers Ltd (TNPL) has chalked out expansion plans worth Rs 2,520 crore, including Mill Expansion Plan in Unit II to produce 1.65 lakh tonnes of paper per annum.

The expansion plan will result in the increase of the overall paper and packaging board production in Unit I and Unit II annually to 7.65 lakh tonnes from the 6 lakh tonnes along with pulping facilities.

Speaking at the company’s 39th Annual General Meeting, N Muruganandam, Chairman, TNPL, who is also Tamil Nadu’s industry secretary, said that the increasing trend in e-commerce sector will usher higher packaging boards for delivery purpose.

Also, due to ban on one time use plastic bags, food delivery applications have started using packaging paper boards for delivery purpose, which could lead to higher demand for these grades. With the consistent economic growth, demand for packaging paper will show improvement in the coming months, he added.

He said further that Indian paper industry has to manage the challenges through rising pulpwood plantation, increasing waste paper collection mechanism and implementing effective and efficient cost control measures to compete with the imports under Zero duty.

Image Credit : i2.wp.com

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