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Our Bureau

Hyderabad , Jan. 20

SURYALATA Spinning Mills Ltd is planning to undertake a scheme for the expansion of its production capacities.

In a communiqué to the stock exchanges, the company said that the expansion was expected to cost around Rs 25 crore.

The modernisation programme undertaken earlier was completed and the results of the modernisation would accrue from January 2004 onwards, it added.

In a separate statement, the company said that its board of directors, at a meeting on Monday, allotted 25,000 cumulative redeemable preference shares of Rs 100 each aggregating Rs 25 lakh.

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