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End of an Era: Nagaon and Cachar Paper Mills to Go Under the Hammer on June 30


End of an Era: Nagaon and Cachar Paper Mills to Go Under the Hammer on June 30
The reserve price has been set at Rs 1,139 crore, the EMD amount has been set at Rs 55 crores, and the minimum incremental bid is Rs 1 crore.
  |  2 Jun 2021 11:59 AM GMT
GUWAHATI: The two paper mills of Assam, Nagaon, and Cachar, under the Hindustan Paper Corporation, shall be e-auctioned as scrap on June 30.
As per a bidding notification, the action will be held on mtscecommerce.com. While the reserve price has been set at Rs 1,139 crore, the EMD amount has been set at Rs 55 crores, and the minimum incremental bid is Rs 1 crore. ....

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Assam: No Pay for Four Years, Death Stalks Former Employees of Nagaon Paper Mill


Assam: No Pay for Four Years, Death Stalks Former Employees of Nagaon Paper Mill
Since March 2017, when the Central government-owned mill was shut down, 83 former employees have died; four by suicide, 79 due to lack of funds for medical treatment.
A road at the the sprawling premises of the defunct Nagaon Paper Mill. Photo: Gaurav Das
Rights13/Mar/2021
Jagiroad (Morigaon District), Assam: The walls of the various departments in the abandoned Nagaon Paper Mill are adorned with faded motivational posters. In the dusty emptiness of the finance and accounts department, one of these posters reads: “Anything is Better than Lies and Deceit”. ....

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