TNPL to spend Rs 1k cr to boost capacity

T E Narasimhan State-owned Tamil Nadu Newsprint and Papers Ltd (TNPL) is planning to invest Rs 1,000 crore to expand its paper making capacity to four lakh tonnes a year from current 2.45 lakh tonnes. NPL also considering diversifying into cement manufacturing business, using waste wet lime sludge generated from its paper making operations and fly ash generated from its power boilers. The company is awaiting the state government's approval for both proposals.