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Tamil Nadu Newsprint And Papers Ltd. Company History and Annual Growth Details

1979

- The Company was incorporated on 16th April, with a capacity of
manufacture 50,000 tpa. of newsprint, and 40,000 tpa of printing and
writing paper. It was promoted by the Government of Tamil Nadu for the
manufacture of Newsprint and Printing and Writing Papers using bagasse
as the primary raw material. It manufactures newsprint, writing and
printing paper.

1993

- The wind farm at Devarkulam was commissioned on December & that at
Perunguadi in March. The Company undertook to double its existing
capacity.

1996

- The Company diversified into non-conventional area of energy by
setting up a 15MW captive wind farm in Nellai, Kattabomman district in
Tamil Nadu.

1997

- 500,00,000 No. of equity shares allotted to promoters i.e.
Government of Tamil Nadu. During November 1995, the Company issued
200,00,000 No. of equity shares of Rs 10 each at a prem. of Rs 100 per
share through a prospectus. Of which the following were reserved for
allotment on a preferential basis:

- (i) 3,30,000 shares to Indian working directors, workers of the
Company (only 2,76,500 shares taken up).

- (ii) 21,70,000 shares to NRIs (all were taken up). Of the remaining
175,00,000 shares issued to the public along with 53,500 shares not
taken up by employees.

- The expansion project of TNPL was to double its capacity from 90,000
tonnes per annum to 1,80,000 tonnes per annum.

- The ministry of commerce has proposed to impose anti-dumping duty on
newsprint ranging from Rs.1,048 to Rs.6,250 per tonne for imports from
USA, Canada and Russia.

1998

- The Company has signed an MOU with Quena Newsprint, Egypt for
providing technical assistance and support for erection and
commissioning of a Newsprint and Paper Mill in Egypt.

- Tamil Nadu Newsprint and Papers Ltd (TNPL), a Tamil Nadu Government
undertaking, has committed in the Chennai High Court that it would stop
discharging its effluents into the Pugalur channel within 3 months.

- The company has installed two captive turbo generators for generating
about 26 MW of power. In addition, the company has also setting up a
turbo generator of 10.5 MWs capacity to fed the TNEB's power grid.

- The Tamil Nadu Newsprint and Papers Ltd (TNPL) in Karur district has
enhanced mechanical bagasse pulping (MBP) utilisation to about 30 per
cent against the envisaged 50 per cent in its DPR in its new paper
machines after the World Bank decision to fund the project.

- An MoU was signed by TNPL and Quena Newsprint and Paper Company of
Egypt.

- The company has also acquired ISO 9001 certification from RW TUV, a
German company through its Indian arm TUV Pvt Ltd.

- Photocopier paper named 'TNPL COPIER' was developed to meet the
requirement of the customer with 75% chemical bagasse pulp.

1999

- Tamil Nadu Newsprint and Papers Ltd is mulling a proposal to manage
the Karnataka-based Mandya National Paper mill (MNPM) -- a sick unit,
as a pilot project for a limited period.

- TNPL is the first commercially successful bagasse based newsprint
plant in the world.

- Tamil Nadu Newsprint and Papers Ltd (TNPL) is on the verge of
finalising a long-term agreement with the Coimbatore-based Sakthi
Sugars for the supply of bagasse.

- The Company has signed an MOU with Quena Newsprint, Egypt for
providing technical assistance and support for erection and
commissioning of a Newsprint and Paper Mill in Egypt.

- The Company has introduced a branded value added product viz. TNPL
Excel Maplitho and has improved the quality of TNPL copier and other
varieties of paper.

2000

- The FA+ rating assigned to the FD issue of the company has been
reaffirmed.

- The Company has been selected for Mother Teresa Award for best
corporate citizen by the Loyola Institute of Business Administration
(LIBA).

2001

- Crisil has upgraded the fixed deposit program of Tamil Nadu Newsprint
& Papers Ltd. from FA+ to FAA.

2002

-Thiru Arun Ramanathan has been appointed as Director of the Tamil Nadu Newsprint & Papers Ltd in place of Thiru M A Gowrishankar w.e.f. June 25, 2002. Thiru Arun Rananathan is also holding additional charge as Chairman and Managing Director of the Company. Thiru N Narayanan has been appointed as Director of the company in place of Thiru R Sathanam w.e.f June 25, 2002. Thiru Sanwat Ram has been appointed as Director of the company in place of Thiru K Allaudin w.e.f. June 25, 2002.

-Tamil Nadu Newsprint and Papers Ltd has informed BSE that Thiru R S Agarwal has been appointed as Director of the company in place of Thiru E S Jayaraman with effect from November 14, 2002.

2003

-Tamil Nadu Newsprint & Papers Ltd informs that Thiru R S Kannan IAS is appointed as a Director of the company w.e.f May 23, 2003 in place of Thiru Sanwat Ram, IAS.

-TNPL prepays its World Bank loan enabling a drastic cut in its cost of debt.

-TNPL appoints Canadian AMEC E & C Services Ltd to carry out the feasbilty study.

-Thiru Anant Ramanathan is appointed as the Director on the board of TNPL.

- Thiru K Skandan, IAS has been appointed as Chairman & Managing Director in place of Thiru P Rama Mohana Rao, IAS.

2007

-Tamil Nadu Newsprint & Papers Ltd has appointed Thiru K. Phanindra Reddy, IAS and Thiru R. L. Narasimhan as Directors of our Company with effect from 23.01.2007.

-Tamil Nadu Newsprint & Papers Ltd has appointed Thiru M F Farooqui, IAS as Director-cum-part-time Chairman of the Company with effect from November 22, 2007 in place of Thiru Shaktikanta Das, IAS and Tmt. Anita Praveen, IAS has been appointed as Director of the Company with effect from December 06, 2007, in place of Thiru K Phanindra Reddy, IAS.

2009
- Tamil Nadu Newsprint & Papers Ltd has informed that Thiru Dayanand Kataria, IAS has been appointed as Director of the Company in the place of Thiru Atulya Misra, IAS and Thiru R Thaigarajan, IAS been appointed as Director of the Company in the place of Smt. Anita Praveen, IAS with effect from 26.06.2009.
 
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