Both the Cachar Paper Mill in Panchgram of Hailakandi district and the Nagaon Paper Mill in Jagiroad, Morigaon had remained non-functional since October 2015 and March 2017 respectively.
Assam: As Two Debt-Ridden Paper Mills Go Under the Hammer, Workers Worries Multiply
The 1,200 plus employees of the defunct Nagaon and Cachar paper mills are already beleaguered over non-payment of their monetary dues ever since the suspension of operations.
Expensive paper prints now lay in tatters. Photo: Gaurav Das
Rights8 hours ago
Guwahati: The debt-ridden and now-defunct Nagaon and Cachar paper mills of the government-owned Hindustan Paper Mill Corporation Limited (HPCL) may now soon find itself going under the hammer with the issuance of an e-auction notice the content of which was put in a national newspaper dated June 1.
The reserve price as per the auction notice was put at Rs 1,139 crore.