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| Exchange Disseminated Time | IFB Agro Industries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2013, has decided:
1. to split the capital expenditure at its distillery situated at Noorpur, South 24-Parganas, West Bengal in two phases due to imposition of spirit removal fee of Rs. 2/- per BL imposed by the State Government and;
2. to authorise the Managing Director of the Company to discuss with Investment Banks for suitable strategic buy out of businesses in its existing space for its growth. |
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