Financial package of Rs. 469.41 cr to Nepa Ltd

The Government of India announced a financial package of Rs. 469.41 cr for the revival and Mill Development Plan (RMDP) of Nepa Limited, a public sector newsprint company located in Nepanagar, Madhya Pradesh. This package includes an infusion of Rs. 277 crores as equity in the company for the completion of RMDP which shall enhance production capacity to 1 lakh MT per annum from the present capacity of 83,000 MT per annum, diversify production, improve quality of products and also help resume production at Nepa Ltd. The RMDP is expected to be completed within a year.