Companies

Hindustan Paper unit loses Rs 1cr in four days

PTI Morigaon | Updated on July 09, 2012 Published on July 09, 2012

Hindustan Paper Corporation’s Jagiroad unit in Assam’s Morigaon district incurred an estimated production loss of Rs 1 crore following disruption of work for four days.

Production at the unit was disrupted since July 4 following some technical problems and it resumed yesterday, official sources said here today.

The Managing Director of HPCL at Kolkata, Mr P V Narasingha Rao, visited the paper mill on July 7 and reviewed the situation.

HPCL’s Jagiroad unit has been beset with several problems including a strike by the employees last month.

Employees Union of the unit had earlier called a strike to protest the authorities’ decision of granting the contract for supply of bamboo and other raw materials to a private party.

HPCL authorities later cancelled the contract and was currently procuring raw materials locally, sources said.

Published on July 09, 2012
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