The Tamil Nadu Newsprint and Papers Limited has come out with a new variety of environment-friendly paper under the brand name, “GreenPal” using only bagasse pulp and de-inked pulp. Wood pulp is not used in its manufacture.
The company is manufacturing student notebooks using GreenPal paper and marketing them online through its website www.tnplgreenpal.in
Students can buy the TNPL GreenPal Notebooks using debit or credit cards. The notebooks are given at the normal retail price with free delivery at their residence across all five States in South India and Union Territory of Puducherry. TNPL offers 10 per cent discount on the sale value of these notebooks, a company release said.
The release said hat work on establishing the Tamil Nadu Newsprint and Papers Limited’s multi-layer board plant at Mondipatti in Manapparai taluk in Tiruchi district was progressing on schedule and would be completed by December 2015. The new factory, with two lakh tonne capacity, was being established at a capital outlay of Rs.1,500 crore.
Giving out details of the financial results for the quarter ending September 30, the release said the company had generated revenue of Rs. 475.29 crore against Rs. 544.25 crore achieved during the corresponding period the previous year.
It earned profit before tax (PBT) of Rs. 47.20 crore; Rs. 32.28 crore had been provided for depreciation and Rs. 36.68 crore for finance costs. Profit After Tax (PAT) was Rs. 33.51 crore against Rs. 43.99 crore achieved during the same period in the previous year.
Profit After Tax (PAT) for the half-year ended September 30 is Rs. 59.74 crore against Rs. 76.17 crore recorded during the corresponding period the previous year.
The profit during the year was lower because of accumulation of stock on account of sluggish market conditions.
The market is expected to improve from this month because of seasonal demand for manufacture of notebooks and printing of textbooks, the release said.
