TNPL profit leaps 42% in Q3

Tamil Nadu Newsprint and Papers Ltd has reported a 42 per cent jump in net profit for the third quarter of the current year as compared with the previous comparable quarter. For the quarter ended December 31, 2016, the paper and board manufacturer reported a net profit of ₹61 crore (₹43.87 crore) on a total income of ₹752.31 crore (₹509.92 crore). Printing and writing paper production was 1.03 lakh tonnes and packaging board was 24,288 tonnes. Both production and sales are being stepped up, said the company in a press release. Our Bureau