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| Exchange Disseminated Time | Gravita India Ltd has informed BSE regarding a Press Release dated October 12, 2011 titled "Gravita enters into Joint Venture with best group of Saudi Arabia"
Press Release:
"Gravita India Limited, Leading Indian Multinational Company having Lead processing units worldwide is happy to announce that they have finalized a Joint venture partnership with Best Group of Saudi Arabia, for setting up a manufacturing unit of Lead & Lead Alloys in Saudi Arabia.
For the purpose, Gravita will set up a separate Company in Dammam City of Saudi Arabia with the name 'Best Gravita Saudi Ltd' with an annual manufacturing capacity of 7200 MTPA.
Mr. M. C. Mehta - President, Gravita India Limited said "Our buy-out and investment plans are part of our aggressive expansion plans. Together with Best Group we are putting the foundations in place for an aggressive and profitable growth." |
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