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Tamil Nadu Newsprint and Papers Ltd (TNPL) has doubled its net profit for the fourth quarter ended March 31, 2013, as compared with the previous year period, thanks to higher production and improved sales.
The company’s net profit stood at Rs 41.21 crore (Rs 20.45 crore) on a total income of Rs 578.73 crore (Rs 563.18 crore). The capacity utilitsation was about 93 per cent, around 3.71 lakh tonnes for the year.
For fiscal 2012-13, net profit was Rs 91.48 crore (Rs 108.94 crore) on an income of Rs 1,861.26 crore (Rs 1,522.92 crore).
The company has announced a dividend of 50 per cent for the year.
Deinking Line
Work on setting up a Rs 1,200 crore multilayer double coated board plant of 2 lakh tonnes per annum will commence, with completion slated for March 2016.
TNPL’s 300-tonne-a-day deinking line is operational and will be commissioned next month, according to reliable sources.
The company will process used paper to produce pulp, which will augment its current pulp production of about 880 tonnes a day. It will need over 400 tonnes of used paper daily for the deinking line supplied by Austria’s Andritz AG.
The plant will produce high-grade pulp that will support production of printing and writing paper.
TNPL plans to outsource a portion of the pulp to other manufacturers for paper production until captive production is stepped up.
The deinking line is expected to add to TNPL’s top line as well as bottom line.
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