Chennai :

The Rs 100 crore cement manufacturing facility of Tamil Nadu Newsprint Papers Ltd  (TNPL) was formally inaugurated by Chief Minister Jayalalithaa  here today.

She inaugurated the plant by video conferencing. The plant is the first to be set up at Kagithapuram in Karur district by TNPL using dry ash  and limestone as raw material, an official release here said.

With a capacity of producing 600 metric tonnes per day, the plant would initially recruit 300 persons, it said.

Noting that TNPL reported profits of Rs 108.94 crore for the period 2011-12, it said the dividend amount of Rs 12.22 crore was presented to Jayalalithaa by Industries Minister S P Velumani on the occasion.

source: http://www.economictimes.indiatimes.com / Home> News> News By Industry> Int’g Goods/Svs / January 30th, 2013