TNPL is poised to tap growth opportunities in the paper industry with its capacity expansion which would assist the company tide over the cost pressures that the industry is facing. Better price realisations and higher volumes would aid in revenue and EBIDTA growth. With its expansion, which will hike its capacities to 3.65 lakh TPA with expected capex of Rs 6800 mn, this incremental capacity will come on stream by September 2009. This capex will be funded from Rs 1800 mn from internal accruals & the rest by fresh debt.
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