At meeting held on 16 March 2021The Board of Punjab Alkalies & Chemicals at its meeting held on 16 March 2021 has considered that the requirement of fund raised by the Company is now proposed to be raised through the preferential allotment and therefore the Company will not proceed ahead with the proposed rights issue, as earlier decided by the Board.
The Board has approved the allotment of up to 54 lakh equity shares at issue price of Rs 60 per share on preferential basis.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
At meeting held on 16 March 2021The Board of Punjab Alkalies & Chemicals at its meeting held on 16 March 2021 has approved to purchase /set up a captive power plant of 35MW capacity by using second
hand plant and machinery on EPC basis and appoint Durva Infratech LLP for -
(i)
supply of 35 MW used Power Plant comprising of main equipment and its
auxiliaries, associated equipment and system, Electrical, Instrumentation, coal
handling, Ash handling, cooling water system etc. complete in all respect (as per
scope of supply) at a total price of Rs 56 crore, and
(ii) Detailed Engineering, entire Civil work including
foundation and Chimney, dismantling, packing, transporting, refurbishing at