Limited (TNPL) is amongst the larger bagasse based paper manufacturers in the world. The company has over the years shifted its focus from low margin newsprint to writing and printing paper. TNPL among the larger players in the intensely cost-competitive paper industry has a market share of ~5%. TNPL operates three paper machines with a total capacity of 0.4 mtpa. TNPL's plant is located near sources of its...