Cachar Paper Mill faces financial crisis

The government has given grant for meeting the mill's operational costs and has provided working capital support for the mill.

GN Bureau | July 21, 2016


#Lok Sabha   #Cachar Paper Mill   #Babul Supriyo  

 Cachar Paper Mill (CPM), a unit of Hindustan Paper Corporation, is facing financial crisis on account of non-availability of coal, the government has said. Coal is not available due to a blanket ban imposed by National Green Tribunal (NGT) on mining and transportation of coal in Meghalaya, which supplied 100 percent requirement of the mill.

"Coal cannot be sourced from other places as there is no broad gauge linkage inside CPM premises," minister of state for heavy industries and public enterprises Babul Supriyo said in a written reply to the Lok Sabha. 
 
The minister said that the government has taken several measures which includes grant for meeting the mill's operational costs on account of transportation to mitigate the logistic disadvantages of CPM and the department of heavy industry has also provided working capital support for the mill. 
 
While replying to a separate question on surplus land with PSUs, the minister said that ministry of urban development has set up a web portal to develop a centralised database of all government land including those belonging to government-controlled statutory authorities and CPSEs.
 

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