The National Newsprint and Paper Mills Ltd

January 3, 1970 for the machinery required for the project. The factory is now expected to commence production by June 1970. During the year to June 1969, IHP's sales and work bills increased from Rs 5.11 crores to Rs 5.67 crores and gross profit from Rs 40 lakhs to Rs 70 lakhs. Net profit was Rs 21 lakhs (Rs 10 lakhs) to cover the maintained dividend of 10 per cent 1.6 times. Return on total funds employed worked out at 4 per cent.