ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

Maintaining Lead

Maintaining Lead Hansavivek annum. Profits ploughed back will pro- vide seed capital lor further borrowings which will be necessary to go ahead with these plans. The directors are .seeking .sanction of shareholders to increase borrowing powers from Rs 300 crore to Rs 500 crore. Financial institutions have agreed in principle to .sanction a loan of Rs 50 crore in a consortium including commercial banks under the solt loan .scheme for the company's new modernisation/ expansion programme estimated to cost Rs 76 crore. Total cost of the Wadi and Gagal projects has increased by Rs 9 crore to Rs 145 crore. Financial institutions have turned down the company's request for financing the overrun in cost, which will have to be met from internal resources.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top