Business   

TNPL to pay 25 p.c. final

Corporate Reporter

CHENNAI: Tamil Nadu Newsprint and Papers Limited (TNPL) has earned a net profit of Rs. 86.06 crore on a turnover of Rs. 880.40 crore for the year ended March 31, 2007 against Rs. 801.41 crore and Rs. 80.55 crore respectively in the previous year. The company has recommended a final dividend of 25 per cent. It has already paid an interim dividend of 15 per cent.

It has been stated that the mill development plan (MDP) envisaging an increase in pulp production capacity to 800 tonnes a day from 520 tonnes with elemental chlorine free (ECF) bleaching at a capital outlay of Rs. 565 crore will be completed in all respects by August.

The second phase of MDP will be taken up during the current year. The company is taking steps to install a 400 tonnes per day cement plant using the lime sludge from the paper mill as the raw material.

Printer friendly page  
Send this article to Friends by E-Mail

Stories in this Section

India to help African nations develop jewellery industry
AMW rolls out trucks
SEBI initiates investor education campaign
TNPL to pay 25 p.c. final
Thales software to expand

Copyright © 2007, The Hindu. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu