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Tamil Nadu Newsprint and Papers (TNPL) dipped 7% to Rs 324 on BSE after the company said that has stopped production in Paper Machine II (PM II), in Unit I (Karur) due to water shortage.
“The other two paper machines are in operation. The production in PM II will be resumed on availability of water,” TNPL said in a regulatory filing.
At 11:06 am; the stock was trading at Rs 325, down 6.8% as compared to 0.03% decline in the S&P BSE Sensex. The trading volumes on the counter jumped more than three-fold with a combined 295,199 shares
“The other two paper machines are in operation. The production in PM II will be resumed on availability of water,” TNPL said in a regulatory filing.
At 11:06 am; the stock was trading at Rs 325, down 6.8% as compared to 0.03% decline in the S&P BSE Sensex. The trading volumes on the counter jumped more than three-fold with a combined 295,199 shares
