Outcome of Board Meeting

Puneet Resins Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 29, 2011 has decided to expand the production capacity of Polymer Blends by installing a new production line at the Wadivare Plant which was closed. The plant is situated at the Village Wadivare, Mumbai- Nasik Highway, Taluka Igatpuri, Nashik. The projected capital expenditure to be incurred for the same will be funded through a mix of internal accruals and debt.

The management expects the market to grow for its products and to meet the future requirements, it would be necessary to create the additional capacity with modern technology equipments.

Source : BSE - >www.bseindia.com

Published on January 29, 2011
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