Maithan Alloys Ltd has informed that the Board of Directors of the Company at its meeting held on September 10, 2008, inter alia, has transacted the following:
1. The Board has approved the proposal to invest in its subsidiary Company for setting up a Ferro Alloys manufacturing unit in the State of Andhra Pradesh with an estimate project cost of Rs 275 crores.
2. The Board has approved the divestment of Companys shareholding in Purbanchal Cement Ltd.
3. The Board has decided to form another subsidiary to take up mines & minerals business
1. The Board has approved the proposal to invest in its subsidiary Company for setting up a Ferro Alloys manufacturing unit in the State of Andhra Pradesh with an estimate project cost of Rs 275 crores.
2. The Board has approved the divestment of Companys shareholding in Purbanchal Cement Ltd.
3. The Board has decided to form another subsidiary to take up mines & minerals business
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