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

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McLEOD RUSSEL-Higher Tea Exports

to 7,500 tonnes per annum from the current level of 5,000 tonnes. This expanded production will be entirely consumed cap- tively. KSCL is setting up facilities at Karaikal for the manufacture of downstream products from PNCB/ONCB and dichlorobenzene. The products being proposed to be manufactured are in the area of dye and pesticide intermediates. This will result in captive consumption of approximately 2,000 tonnes of PNCB/ ONCB. KSCL will cross Rs 100 crore turnover in 1993-94 and with the full functioning of all the units, the EPS should move to over Rs 8 on the expanded capital To part finance the aforementioned plans the company proposes to issue capital of around Rs 23 crore. This will comprise 48,95,475 equity shares of Rs 10 each at a premium of Rs 35 per share on rights basis to shareholders; and 2,44,774 equity shares of Rs 10 each at a premium of Rs 35 per share to employees of the company and group companies. The issue has opened on April 30 and closes on May 31.

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