Ennore Coke Ltd has informed that the Board of Directors of the Company at its meeting held on July 31, 2007, inter alia, has discussed and decided the following:
1. The Agreement signed with Eco securities Mumbai for Carbon credits was ratified and taken on records.
2. The Letter from Union Bank of India indicating the approval of Business Transfer Agreement and consenting for transfer the Term Loan to the Company from Ennore Power and Coke Pvt Ltd.
The Contents of the letter were noted. It was decided to avail the transfer of Loan on the terms and conditions contained in the Banks letter.
3. The Board has authorized the Company to open a Current Account with Punjab National Bank / State Bank of India at Haldia.
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