By IANS
Chennai : Twelve years after joining the Rs.8.54-billion ($217 million) turnover Tamil Nadu Newsprint and Papers Ltd (TNPL) as director of finance, A. Velliangiri has been elevated as the company’s deputy managing director.
A fellow member of Institute of Chartered Accountants of India, Institute of Companies Secretaries of India and the Institute of Cost and Works Accountants of India, Velliangiri joined TNPL in 1995.
During his tenure as director finance, Velliangiri had facilitated TNPL’s capital expenditure programmes at minimal finance cost.
His elevation is made at a critical time when TNPL is in the process of setting up a small cement plant in Karur district and building an IT park in Chennai.
Velliangiri’s promotion is also seen as a signal for better times to come for the others in TNPL’s management cadre.