HNL, with an installed capacity of 1 lakh tonnes per annum of newsprint, is a wholly owned subsidiary of the Hindustan Paper Corporation Limited (HPCL). New Delhi: Along with strategic disinvestment of Air India, the government has also sought expression of interest (EoI) for fully divesting Kerala-based central public sector undertaking (CPSE) Hindustan Newsprint Ltd (HNL). HNL, with an installed capacity of 1 lakh tonnes per annum of newsprint, is a wholly owned subsidiary of the Hindustan Paper Corporation Limited (HPCL). HPCL has appointed Resurgent India Limited as its advisor to manage the strategic disinvestment of HNL. Finance minister Arun Jaitley in his budget speech said that the government has initiated the process of strategic disinvestment in 24 CPSEs including strategic privatization of Air India.

Source: Mint March 28, 2018 17:48 UTC