Electrosteel Integrated to set up 1.3 MT plant
The Board of Directors of Electrosteel Castings has approved an investment of up to Rs 500 crore in associate firm Electrosteel Integrated Ltd to set up a 1.3 MT per annum integrated steel plant in Jharkhand.
By PTI |
MUMBAI: The Board of Directors of Electrosteel Castings has approved an investment of up to Rs 500 crore in associate firm Electrosteel Integrated Ltd to set up a 1.3 MT per annum integrated steel plant in Jharkhand.
The equity investment would be carried out in a phased manner over a period of two and half years, Electrosteel Castings informed the Bombay Stock Exchange on Monday
The Board of Directors of the company at its meeting on March 13, had recommended an interim dividend of Rs 12.50 per share (125 per cent) for the year ended March 31, 2007.
This dividend pay-out would be treated as the final dividend, it added.
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