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| Exchange Received Time 07/06/2018 17:57:13 Exchange Disseminated Time 07/06/2018 17:57:23 Time Taken 00:00:10 | This is to inform you that the Board of Directors at its meeting held today i.e. 7th June, 2018, approved the proposal for diversification and expansion of existing capacity for manufacturing products and equipment supplied to Railways.
Information as per continuous disclosure requirements as per SEBI circular CIR/CFD/CMD/4/2015 is as per the Annexure - 1.You are requested to take note of the same.
Annexure - 1
Particulars Details
a)Existing capacity Converting approx. 4800 tons p.a. of steel into various parts and equipment required by Railways
b)Existing capacity utilization 90 - 100 %
c)Proposed capacity addition Existing capacity proposed to be doubled.
d)Period within which the proposed capacity is to be added 2 - 3 years, in phases
e)Investment required Rs. 100 Cr. to Rs. 120 Cr.
f)Mode of financing Realization from disposal of existing surplus assets, internal accruals and external borrowings
g)Rationale More effective utilization of resources and expansion of revenue streams. |
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