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.