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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. ....
"With an efficient management in place, I have every reason to believe that these two mills can thrive and provide employment to the youth of Assam. The Cachar paper Mill in Pachgram is the only public sector industry in Barak valley and needless to say the Prime Minister himself has repeatedly assured that these industries will be revived in the greater interest of Assam," All India Mahila Congress president Sushmita Dev wrote. ....