Business Daily from THE HINDU group of publications
Thursday, Jul 02, 2009
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Thursday, Jul 02, 2009 ePaper | Mobile/PDA Version | Audio | Blogs |
|
|
|
|
|
Corporate
-
New Projects States - Andhra Pradesh AP Paper Mills’ expansion may be completed by January The paper mill has commissioned its captive power plant and is selling 5 MW to AP Transco at Rs 4.50 a unit. Ch. R.S. Sarma Rajahmundry, July 1 Andhra Pradesh Paper Mills here is going in for capacity expansion and the project is likely to be completed by January, said Mr P.K. Suri, Director (Operations). He told newspersons here on Tuesday night that the annual capacity of the mill is 1,10,000 tonnes of paper and 1,80,000 tonnes of pulp. “We are installing a new machine, which will enhance the paper producing capacity by 67,000 tonnes. The expansion work is proceeding smoothly. The new machine may be commissioned by January next year,” he said, and added that the cost of the expansion project was Rs 290 crore. Mr Suri said the mill’s pulp capacity was more than required, and in fact “we are selling pulp to several paper mills, including Coastal Paper Mill in East Godavari, which we acquired.” He said Coastal Paper was producing 67,000 tonnes a year. Due to the global economic recession, the paper industry was passing through a critical phase. To an extent, in the near future, issues may be accentuated by additional capacities, the Director said. “A number of paper mills have come up, or are coming up, in recent times and these additional capacities may create a glut situation in the short term. But the long-term prospects for the industry are bright. In India, the per-capita paper consumption is only eight kg per person whereas the international average is in the range of 45-50 kg. Therefore, the future is bright,” he said. Power salesHe said the paper mill had commissioned its captive power plant and was selling 5 MW to AP Transco from June 12 at Rs 4.50 a unit. “The capacity of the coal-based power unit is 34 MW and we will be able to supply power to Transco even after expansion,” he added. More Stories on : New Projects | Paper | rd & Newsprint | Andhra Pradesh
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2009, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|