Corporate news

Our Bureau Coimbatore | Updated on February 02, 2011

Aditya Birla Chemicals (India) Ltd has approved the brown field expansion of the capacity of its caustic soda plant by 150 TPD along with a 30 MW power plant at the existing manufacturing facility located at Garhwa Road, Jharkhand. The project cost is estimated at Rs 350 crore. The entire expansion plan would be executed within 18 months from zero date.

Asian Paints Ltd has said that due to the unprecedented situation and prolonged curfew in Egypt, its subsidiary, SCIB Chemicals SAE, has temporarily shut operations at its two plants since January 29.

Bank of India's board of directors on February 1 decided to issue up to 3 crore fresh equity shares for a face value of Rs 30 crore through preferential issue/ rights issue/ FPO/ ADR/GDR or by any other mode as permitted at an appropriate premium.

Published on February 02, 2011

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