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| Exchange Received Time 09/03/2018 16:41:54 Exchange Disseminated Time 09/03/2018 16:41:58 Time Taken 00:00:04 | In terms of Regulation 30 of SEBI (LODR), 2015, it is to inform that the Board of Directors in its meeting held on 08/03/2018 has approved following investment proposals:
1) Setting up Ferro Alloys Plant (FAP) at Balaghat Mine:
The 50000 MTPA project involves total investment of Rs.263.82 crore and it is expected to be commissioned by the end of calendar year 2021.
2) Setting up Ferro Alloys Plant (FAP) at Gumgaon Mine:
The 25000 MTPA project involves total investment of Rs.155.00 crore and it is expected to be commissioned by the end of calendar year 2021.
The setting up of the projects is a part of diversification options stipulated in the Strategic Management Plan for the growth of the company.
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