Disclose oil reserve value beneath closed Assam paper mill before its sale: Union

It demands disclosure of the volume and value of the oil reserve beneath the complex

One of the two closed paper mills of Hindustan Paper Corporation (HPC) in Assam sits on a large reserve of crude oil, the union of the mill’s employees has said. In a letter to HPC’s Kolkata-based liquidator Kuldeep Verma on July 3, the Cachar Paper Project Workers’ Union demanded the disclosure of the volume and value of the oil reserve beneath the Cachar Paper Mill complex before it is auctioned off at a “throwaway price”. A copy of the letter was sent to the Secretary of the Ministry of Heavy Industries and Public Enterprises in Delhi.