ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Calcutta Diary

paper mill first commissioning its paper machine and operating it on purchased pulp till its pulp unit is erected. However, for NEPA, imported pulp or even domestically available pulp proved to be far too expensive. In part at least this was due to rise in costs, but in the main it was due to the price control on newsprint. In fact, newsprint prices remained stagnant for almost a decade, till mid-1968. An ad hoc increase of Rs 50 was granted in 1968 which brought the selling price of NEPA's newsprint to Rs 1,100 per tonne, even as the cost of imported newsprint at that time was Rs 1,243 per tonne. In September 1971, government raised the selling price to Rs 1,362 per tonne, bringing it on par with imported newsprint prices. By then even this increase could not neutralise the rise in costs. NEPA incurred operating losses of Rs 92 lakhs in 1969-70 and Rs 52 lakhs in 1970-71; 1971-72 witnessed considerable improvement and NEPA showed a marginal profit of Rs 4 lakhs.

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