OCL India Board approves capital expenditure plans

OCL India Ltd has announced that the Board of Directors of the Company at its meeting held on July 28, 2007, inter alia, has transacted the following:

1. Approved capital expenditure of Rs 142 crore (+10%) for setting up another cement grinding unit at Kapilas Cement Works, Kapilas Road in Jagatpur Tehsil of Cuttack District of Orissa.

2. Approved capital expenditure of Rs 250 crores (+10%) for setting up 2x25 MW Thermal Captive Power Plant and Coal Beneficiation Plant at Rajgangpur Cement Works, District Sundergarh, Orissa.

3. Approved capital expenditure of Rs 7.66 crores (+10%) for setting up 1.0 Million Tonnes per annum Hammer Mill at Lanjiberna near Rajgangpur works, Orissa.

Source : Equity Bulls

Keywords