AIDC Website
Assam Govt Takes Over Nagaon & Chachar Paper Mills With Highest Bid
The AIDC, on behalf of the Assam Government took over the assets of Hindustan Paper Corporation Limited (HPCL) Nagaon and Chachar Paper Mill, on March 28. During the auction, the AIDC was the highest bidder with Rs 700 crores, including all outstanding dues of the two mills and signed paper in presence of officials. Notably, the Hemant Biswa Government is aiming to intervene in paper mills, on humanitarian ground.
Tags: Assam Government, AIDC, Paper mills, Humanitarian ground, Auction
Courtesy: ANI
Photo: The Sentinel Assam
Assam: Hindustan Paper Corporation Works Out Relief Package For Laid-off Workers
After the Cachar Paper Mill and the Nagaon Paper Mill in Assam were taken down in October 2017, an Agreement was finally shook between the State Government and the Hindustan Paper Corporation. They agreed to compensate the laid off workers with a relief package of Rs 570 Crores while the mills will remain under the State government. The Agreement also seizes to provide full time employment opportunity to ex-employees.
Tags: Assam Government, HPCL, Hindustan Paper Corporation, Assam, Paper mills
Courtesy: The Hindu
