Saturday, February 9, 2008

Ennore Foundries Plans To Invest Rs 350 Cr For Expansion

Ennore Foundries Ltd (EFL), will be doubling its capacity to 2,20,000 tonnes per year by 2010-11. The company would be investing Rs 350 crore during the next two years to double the capacity. The company would be going in for GDR issue for Rs 100 crore and the rest would be managed through a combination of debt, equity and internal accruals.

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