Tamil Nadu Newsprint and Papers : Annual Reports 2022-23

Dr. N. Sundaradevan, I.A.S (Retd.,)

Notice

Board's Report

Annual Report on CSR Activities

Secretarial Audit Report

Report on Energy Conservation

Disclosure on Remuneration

Extract of Annual Return

Management Discussion And Analysis

Report on Corporate Governance

33	Business Responsibility and	149
49	Sustainability Report
Independent Auditor's Report	179
61
65	Comments of the Comptroller and
Auditor General of India	194
69	Balance Sheet	195
73
75	Statement of Profit and Loss	196
90	Cash Flow Statement	197
97	Notes to the Financial Statements	200

Company Information

Board of Directors

Dr M Sai Kumar, IAS	Chairman &
(w.e.f 12.06.2022)	Managing Director
Thiru S Krishnan, IAS
(Chairman and Managing Director
w.e.f 10.11.2021 to 12.06.2022	Director
Director w.e.f 12.06.2022)
Thiru N Muruganandam, IAS	Director
(Ceased on 24.05.2023)
Thiru T Udhayachandran, IAS	Director
(w.e.f 24.05.2023)
Thiru Harmander Singh, IAS	Director
(Retired on 31.10.2022)
Thiru C Vijayaraj Kumar, IAS	Director
(w.e.f. 13.02.2023)
Thiru N Narayanan, IAS (Retd.)	Director
(Retired on 18.09.2022)
Dr N Sundaradevan, IAS	Director
(w.e.f. 12.09.2022)
Thiru V Chandrasekaran	Director
Tmt Soundara Kumar	Director
(Ceased on 30.06.2023)
Thiru P B Santhanakrishnan	Director
Dr M Arumugam	Director
Thiru R Anand	Director
(w.e.f 12.09.2022 to 20.09.2022)
Compliance Officer
Tmt Anuradha Ponraj	Company Secretary
(w.e.f 01.07.2022)
Thiru B Thamizh Selvan	Company Secretary
(w.e.f 01.03.2022 to 30.06.2022)
Registered Office	67, Mount Road, Guindy,
	Chennai - 600 032.
CIN	L22121TN1979PLC007799
FACTORY
Unit I	Kagithapuram - 639 136,
	Karur District, Tamil Nadu.
Unit II	Mondipatti Village-621 306,
	Thiruchirapalli District,
	Tamil Nadu.

Statutory Auditors

M/s. Maharaj N R Suresh and Co LLP., Chartered Accountants,

9, (Old.5), II lane, II Main Road, Trustpuram, Chennai - 600 024. Ph No.: 044 - 24801322, 24837583 Email: [e-mail]

Cost Auditors

M/s S. Mahadevan and Co Cost Accountants,

112, 'Sri Abhirami', First Floor, Dr Radhakrishnan Road, Tatabad, Coimbatore - 641012 Mobile No.: 9443017874

E Mail: [e-mail]

Secretarial Auditors

M/s M Damodaran & Associates

Company Secretaries in Practice,

New No.6, Old No.12,

Appavoo Gramani, 1st Street,

Mandaveli, Opp. BSNL Office,

Chennai, Tamil Nadu - 600028.

Phone No.: 044-43601111

Email Id: [e-mail] /

Web: www.mdassociates.co.in

Registrar and Share Transfer Agent

M/s Cameo Corporate Services Ltd.

V Floor ,"Subramanian Building",

No.1 Club House Road,

Chennai-600002

Tel. No. 044 28460390-28460395

Fax No. 044 28460390

Bankers and Financial Institutions

State Bank of India

Canara Bank

Indian Bank

Karur Vysya Bank Limited

Punjab National Bank

Union Bank of India

MUFG Bank Limited

ICICI Bank Limited

Kotak Mahindra Bank Limited

Indus Ind Bank Limited

IDBI Bank Limited

Yes Bank Limited

Indian Overseas Bank

Tamil Nadu Industrial Investment Corporation Limited (TIIC) Export - Import Bank of India

HDFC Bank Limited

01

Highlights 2022-23

1	The Revenue	from Operations	was
Rs. 5179.89 crore.
	The Paper production was 420793 MT,
2 equivalent to 105%.
3	The Packaging Board production was
168035 MT, equivalent to 84% of capacity.
4	Achieved Paper sales of 420793 MT.
Domestic Sales accounted for 83% and
Exports at 17%.
5	The Packaging Board was 167357 MT.
Domestic Sales accounted for 96% and
Exports at 4%.
	Market Capitalization was Rs 1510.87 Crore
6 as on 31st March, 2023.
	420990 MT of Hardwood Pulp, Chemical
	Bagasse Pulp	and Deinked Pulp	were
7 produced during the year at Unit - I and
	Unit - II.
	7454.03 lakh units (Unit I : 5250.12 and
	Unit II : 2203.91) of power was generated
8 out of which 7432.21 (Unit I : 5248.75 and
	Unit II : 2183.46) lakh units of power was
	consumed and 21.82 lakh units (Unit I : 1.37
	and Unit II : 20.15) exported.
9	The implementation of various water
conservation	measures resulted in

reduced overall consumption of water to 30 KL/per ton of paper which is one of the lowest in the paper industry.

02

10The Bio-methanation plants have generated methane gas of 89.86 lakh m3 during 2022-23. The methane gas usage in lime kiln and power boilers reduced the consumption of 5088.90 KL of furnace oil and 432 MT of imported coal.

11 The Wind Farms with an installed capacity of 3 5 . 5 0 M W h a v e generated 394.51 lakh Kwh Units of 'Green Power' during the year.

TNPL is the first and only Company in the Indian

12Paper Industry to have established a Cement manufacturing factory

to convert the mill wastes namely lime sludge and fly ash into high grade cement, as part of its solid waste

management system. During the year, the Company has manufactured 214469 MT of cement.

13During the year 2022-23, overall borrowings decreased by Rs. 361.82 crore.

14The Company received the Greentech International EHS Award 2022 at the 2nd

Annual Greentech International EHS Summit

2023 conducted by Greentech Foundation

New Delhi in January, 2023.

15 The Company was honoured as "WINNER" in the "Water Stewardship Award" category during the India Corporate Governance and Sustainability Vision Summit 2023 conducted by Indian Chamber of Commerce, Kolkatta in February, 2023 at New Delhi.

16 The Company was selected and awarded "1st Sustainable Industrial Practice Award" during the 7th FICCI International Sustainable Conclave 2023 conducted by Federation of Indian Chambers of Commerce and Industry in partnership with Deutsche Gesellschaft für Zusammenarbeit (GIZ) GmbH in February, 2023.

17 The Company was selected and awarded as "Noteworthy Water Efficient Award - Within the Fence" during 16th CII National Awards for Excellence in Water Management 2022 conducted by Confederation of Indian Industry - Triveni Water Institute, New Delhi in September, 2022.

The Company's project "Restoration and

18 Conservation of Bio-Diversity and Conservation

of High Conservation Value Forest in TNPL Unit

1. was selected as the "Most Innovative Environment Project " during CII - Environmental Best Practices Award 2022 in September, 2022.

TNPL was selected as "WINNER" under

19 Environment Protection Category" at "22nd Annual Greentech Environment Award 2022" in August, 2022 at Guwahati, for adopting "Circular Economy Model".

TNPL was awarded "Green Champion 2021"

20based on immense contributions made in creating Biodiversity conservation Zone at Mondipatti village Unit II, resulting in the improvement of microclimate & species diversity including improvement in endangered species population such as Grey Slender Loris, instituted by Tamil Nadu Pollution Control Board, Govt. of Tamil Nadu in June 2022.

The Company won the First position in the

21 17th National Award for Excellence in Cost Management 2019 in April, 2022. The Award is given by the "Institute of Cost Accountants of India" (ICWAI) for the best costing practices in the companies.

03