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.