The Hindu Business Line : Hind Paper PBT up at Rs 51 cr

KOLKATA: Riding on a conducive market situation, the state-owned Hindustan Paper Corporation (HPC) has been able to surpass all its previous production and sales records.

Even so, the corporation's turnover, although higher than last year, should have been even better if seen against the increased volume of production in 2003-04.

Announcing HPC's provisional results here on Wednesday, the corporation's Chairman, Mr Raji Philip, said that HPC as a group posted a PBT of about Rs 51 crore, against the target of about Rs 47.6 crore on a turnover of about Rs 872 crore against the target of about Rs 866 crore.

The estimated PBT of Rs 51 crore was inclusive of Rs 9 crore earned by its wholly owned subsidiary - Hindustan Newsprint Ltd.

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