Mancherial, July 23: The Chief Minister KCR, IT and Industry Minister KTR, Irrigation Minister Harish Rao, who worked hard for the renovation of Sirpur Paper Mill, specially thanked by the Minister for Divisional Secretary Indrakaran Reddy for the joint Adilabad district.
Minister Indra Karan Reddy said that KCR and KTR have helped to the renovation of Sirpur Paper mil. The workers are happy when Sirpur Paper Mill is opened. He also expressed his opinion that TRS would win 2 MP seats and 10 MLA seats in Adilabad district in the next election.
National Company Law Tribunal (NCLT) has approved the proposal for the revival of Sirpur Paper Mills in Telangana, state Industry Minister KT Rama Rao said earlier.
With this, JK Paper Ltd will take over the 80-year-old mill located in Kaghaznagar town in Komaram Bheem Asifabad district. The state government extended certain incentives to JK Paper Ltd, which had submitted the proposal to revive the mill.
Expressing his happiness over this development, Rama Rao said that Telangana government has been putting consistent efforts to revive the sick units in the state. JK Paper had come up with Rs 628 crore resolution plan and the lenders headed by IDBI had recently approved it.
The Sirpur Paper Mills, an integrated paper and pulp mill, was set up in 1938 by the Nizam, the ruler of then Hyderabad State. It was then the country's largest manufacturer of pulp, paperboard and other products.