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| Exchange Received Time 30/01/2018 11:15:26 Exchange Disseminated Time 30/01/2018 11:15:32 Time Taken 00:00:06 | Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015 is hereby given that the Board of Directors at their meeting held on 29.01.2018 has inter-alia approved the following:
1. Approval of Standalone Un-audited Financial Results for the quarter and nine months ended 31 December2017 alongwith Limited Review done by the Statutory Auditors M/S BSR & Co. LLP, Chartered Accountants. The copies in terms of Regulation 33 of the SEBI (LODR) Regulations, 2015 is enclosed.
2. Revision of Capacity Expansion Plan
The Board has revised the capex plan by enhancing the proposed capacity expansion plan for manufacturing of Carbon Black from 30,000 MTPA to 60,000 MTPA proposed to be undertaken in West Bengal. However, the other expansion plans as announced by the company on 2nd day of November 2017 remain unchanged.
Accordingly, the aggregate capital expenditure for the combined expansions, including the present revision, would be amounting to Rs. 780 crores.
kindly take on record the same.
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