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BSE SENSEX
74,414.84
+561.90
+0.76 %
Corporate Announcement
Security Code
531426
Company
Tamil Nadu Newsprint & Papers Ltd
Exchange Received Time
02/08/2021 09:57:48
Exchange Disseminated Time
02/08/2021 09:57:54
Time Taken
00:00:06
Inquiry Into Coal Procurement Related Transactions 2013 |
08/02/21 09:57
TNPL has received a notification from Government of Tamilnadu regarding action to be initiated relating to coal related transactions in 2013. This is based on the ongoing larger investigations by the Central Government agencies across the country . The transactions involving TNPL is only 6.60 % out of the total transactions involving Central large public sector , State Discoms and other companies in the country. Only 5 out of 186 consignments are related to TNPL's procurement of coal during the said period.
Based on the preliminary inquiries the Company has suspended the officials of the relevant areas till the inquiry proceedings are completed and concluded.
This demonstrates the commitment of the Company towards transparency and higher standards of Corporate Governance.
TNPL is a professionally managed company promoted by Government of Tamilnadu following strict adherence to the Board approved norms and Standard Operating Procedures.
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