Jan 27, 2006. /Lesprom Network/. The board of Indian Rama Newsprint & Papers Ltd (RNPL), at its meeting has approved `in-principle' a Rupee 3.5 billion ($79.5 million) investment plan for augmenting the company's annual newsprint and paper making capacity, Business Line reported. The company's board has approved the installation of a 140,000 tonne/yr newsprint machine and a deinking line. The expansion plan is subject to approval of lenders. However, the working of the company during third quarter of the current fiscal (2005-06) was affected due to lower production because of planned shutdown of paper machine No 2 for modernisation and maintenance in September and October 2005 and higher down time. The company during the quarter ended December 2005 incurred a loss of about Rs 2.13 crore (Rs 0.68 crore) on a sales turnover of about Rs 74.6 crore.