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Assam: Two More Paper Mill Employees Die, Total Deaths Since Closure Rises to 95

Unions urge HPCL liquidator to disclose valuation of oil reserves in Cachar

Unions urge HPCL liquidator to disclose valuation of oil reserves in defunct Cachar Paper Mills land area


Unions urge HPCL liquidator to disclose valuation of oil reserves in defunct Cachar Paper Mills land area
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Unions urge HPCL liquidator to disclose valuation of oil reserves in defunct Cachar Paper Mills land areaPTI
Last Updated: Jul 04, 2021, 01:47 PM IST
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The valuation of oil reserves that is termed as liquid gold has surprisingly not been disclosed anywhere in the auction notification, and only the land area has been detailed, the letter, also addressed to the secretary of Ministry of Heavy Industries and Public Enterprises, pointed out.
PTI
The employees unions of two defunct units of Hindustan Paper Mills Corporation Ltd, for which bidders have been invited to conduct an e-auction, on Saturday urged the liquidator to disclose the valuation of the oil reserves in the Cachar Paper Mills land area. There are more than three natural oil well reserve points in the Cachar Paper Mill Township and the land area is reportedly ....

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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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