The board of directors approved the issuance of 2,07,00,000 warrants at Rs65 per warrant during its meeting on December 02, 2024. This move will support the company's ambitious plans for capacity expansion and a major technology upgrade.
The funds raised will be utilized to undertake a technology upgrade project whereby the company will be transitioning to production capability of making Alu-Zinc Costed Steel products. The production capacity will be enhanced from 132,000 MTPA to 180,000MTPA enabling a 36% increase in output and corresponding revenue. The CAPEX being planned by the company also includes a forward integration project whereby the company would be investing in a new and state of the art steel coil coating line which would catapult the capacity of Pre-painted Steel from 86,000MTPA to 236,000MTPA. Additionally, a portion will be allocated to optimize the working capital cycle and establish a captive solar power plant in a phased manner, reflecting the company's commitment to sustainable and energy-efficient practices.
This strategic move will benefit the company by moving to a more value added and premium product enabling higher margins along with significant growth in production capacity.
Bu hikaye The Business Guardian dergisinin December 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Business Guardian dergisinin December 04, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
'Delhi Chalo' march: Chaos at Delhi-Noida border, commuters bear the brunt
Farmers from different parts of Uttar Pradesh demanding adequate compensation for their lands acquired by the government marched towards Delhi on Monday but were stopped at the Noida-Delhi border where they sat on a dharna.
Kejriwal, AAP MLAs flee to 'safe' seats amid backlash: Cong
The Delhi Congress has accused the Aam Aadmi Party (AAP) and its MLAs of conceding defeat even before the Delhi Assembly election dates are announced.
Threshold high in political defamation: CM Atishi
Delhi Chief Minister Atishi, accused in a defamation case, on Monday informed a court that the threshold in political defamation cases was high as electoral parties were subjects of public discourse.
AAP suffered consequences of working for people'
Shiv Sena (Uddhav Balasaheb Thackeray) or Shiv Sena (UBT) leader Priyanka Chaturvedi on Monday said that Aam Aadmi Party (AAP) in Delhi has suffered the consequences of working for the people.
Mandaviya slams AAP for ignoring Ayushman Bharat scheme
Union Minister Mansukh Mandaviya on Monday slammed the Aam Aadmi Party (AAP) government, stating that they are \"busy selling liquor\" instead of prioritising the health of the people in Delhi.
BJP manifesto after extensive public discussion, says Meenakshi Lekhi
\"The BJP has issued a WhatsApp number, a hashtag, and a website to gather feedback from the public,\"
Awadh Ojha joins AAP
Well-known UPSC coach, Awadh Ojha joined the Aam Aadmi Party (AAP) in the presence of party national convenor Arvind Kejriwal and leader Manish Sisodia on Monday.
SANJAY SINGH GIVES NOTICE IN RS FOR DEBATE ON CRIMES IN DELHI
Accuses Amit Shah of turning Delhiintoa hub of crime
Gujarat High Court: CID Crime which probes serious offences has been lodging FIRs in cases of civil nature 'for reasons best known' to its DGP
The Gujarat High Court in the case Gayatri Developers Thro Vasubhai Chunibhai Patel & Ors. v/s State of Gujarat observed and has stated that it had come across many matters where for reasons best known to its Direct General of Police, the CID Crime-a specialized unit focussed on preventing or investigating serious offences-has been in \"recent times\" registering FIRs which relates to civil disputes, particularly those involving financial transactions or property matters.
'For peace and harmony': Plea in Supreme Court to stop surveying of religious structures, enforce Places of Worship Act
The Supreme Court in the case observed wherein the writ petition has been filed seeking to stop the execution of survey orders issued by Courts against religious structures in contravention of the Places of Worship (Special Provisions) Act 1991.
