TNPL to setup mini cement plant, construct IT park

Tamil Nadu Newsprint & Papers Ltd (TNPL) has announced about the following:

1. The Company proposes to set up a mini Cement Plant of 400 tpd to produce high grade Cement using lime sludge and fly ash generated in the mill. The Company is taking steps to get the approval of the shareholders through Postal Ballot for amendment of the Memorandum of Association and taking up the new business.

2. The Company also proposes to construct an IT Park measuring an office area of 4 lakhs sq. ft. in a vacant land of 63.5 grounds belonging to the Company.

Source : Equity Bulls

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