|
| Exchange Received Time 03/08/2017 16:34:44 Exchange Disseminated Time 03/08/2017 16:34:50 Time Taken 00:00:06 | Intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Please be informed that the Board of Directors at its meeting held on 3 August 2017 given its approval for setting up of 1 No. 9 MVA Submerged Arc Furnace along with 4.5 MW power plant at Haldia, Purba Medinipur, West Bengal. The requisite details in this regard are given below:
a.Industry or area to which the new line of business belongs to - Ferro Alloy Industry.
b.Expected benefits - Use of captive power generated from waste heat from existing manufacturing facility for production of Ferro alloys. Surplus production from Ferro Alloy Plant after captive use is proposed to be sold in open market.
c.Estimated amount to be invested - Rs.61.64 Crore.
This is for your information and records.
|
|
|