SVC Superchem awaits lenders approval for revival plan

SVC Superchem Ltd has announced that the Board of Directors of the Company at its meeting held on October 31, 2006, has taken on record the status of Purified Terephthalic Acid (PTA) project of 1,20,000 MTPA capacity being set up at Chhata, U.P. as at September 30, 2006.

Further the Company has informed that it is awaiting for the decision of lenders regarding revival plans submitted to them.

Source : Equity Bulls

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