The Board of Directors of Alufluoride Ltd at their meeting held on October 18, 2017 have approved the expansion project at Visakhapatnam Aluminium Fluoride Plant.
The Board approved proposal to set up 2 MW solar power project outside Visakhapatnam to meet the additional power requirements.
The Board approved proposal to issue 8,20,082 convertible warrants on preferential basis to promoters, subject to approval from shareholders, stock exchanges or any statutory body as may be required.
The Board also approved proposal to convene Extra Ordinary General Meeting (EGM) on November 17, 2017 for obtaining shareholders approval for the proposed issue of convertible warrants.
Shares of ALUFLUORIDE LTD. was last trading in BSE at Rs.89.55 as compared to the previous close of Rs. 81.8. The total number of shares traded during the day was 69790 in over 597 trades.
The stock hit an intraday high of Rs. 94.5 and intraday low of 83. The net turnover during the day was Rs. 6203180.