Austral Coke & Projects Ltd has informed that the Board of Directors of the Company at its meeting held on December 10, 2008, has decided that the plant location be sifted from Sindhudurg to Lunva, Gujarat, since the Companys existing plant is already there. The Company possess sufficient land there. Gujarat is an industrial friendly State and, therefore, in the least possible time, the sifting of site can be made at the least possible incremental cost.
This shift is proposed in conformity with the clause Land & Site Development of Prospectus wherein it has been specifically mentioned that management may decide for the relocation of project site to comply the regulatory policies or any other issues.
This shift is proposed in conformity with the clause Land & Site Development of Prospectus wherein it has been specifically mentioned that management may decide for the relocation of project site to comply the regulatory policies or any other issues.
