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.
 

Comments

 

Other News

Who checks the books?

I read about the news about the Coimbatore library over coffee this morning. On the face of it, the headline was about a political ‘war’ between the DMK and TVK. But what stayed with me was something much more important than the blame game behind what had transpired. A writer walking through

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter