Tamil Nadu Newsprint and Papers Ltd (TNPL) has reported a 26 per cent in the net profit for the quarter ended March 31, 2009 at Rs 20.19 crore as compared to Rs 27.38 crore, a year ago. Company's total in
come rose by 14 per cent to Rs 298.55 crore from Rs 261.46 crore. Country's leading newsprint manufacturer's revenue from the paper segment rose by 14 per cent to Rs 284.57 crore from Rs 249.39 crore. Paper production in 2008-09 rose to 2,54,903 MTs, an increase of 9,432 Mts over the previous year. To increase the capacity to 4 lakh tonnes per annum the company is planning to invest around Rs 1,000 crore by June 2010.During the quarter TNPL has implemented the Life Cycle Extension of Paper Machine I during April 2009 at a capital investment of Rs 70 crore. TNPL's board of directors have recommended a dividend of 45 per cent for the year ended March 31, 2009. The state-run company has bagged ICWAI National Award for Excellence in Cost Management 2008 and Supply Chain Performance Excellence Award 2009 from the Indian Institute of Materials Management.
come rose by 14 per cent to Rs 298.55 crore from Rs 261.46 crore. Country's leading newsprint manufacturer's revenue from the paper segment rose by 14 per cent to Rs 284.57 crore from Rs 249.39 crore. Paper production in 2008-09 rose to 2,54,903 MTs, an increase of 9,432 Mts over the previous year. To increase the capacity to 4 lakh tonnes per annum the company is planning to invest around Rs 1,000 crore by June 2010.During the quarter TNPL has implemented the Life Cycle Extension of Paper Machine I during April 2009 at a capital investment of Rs 70 crore. TNPL's board of directors have recommended a dividend of 45 per cent for the year ended March 31, 2009. The state-run company has bagged ICWAI National Award for Excellence in Cost Management 2008 and Supply Chain Performance Excellence Award 2009 from the Indian Institute of Materials Management.Source : www.business-standard.com/india/news/tnpl-profit-down-by-26-to-rs-20cr/63050/on
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