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The company will set up a trading desk as the refinery would process 110,000 bpd of imported crude, Rath said, adding that the remaining crude requirement would be met through local production.
The bank is looking to mobilise Rs 5,000 crore from rights issue in the next fiscal, SIDBI chairman and managing director S Ramann said on the sidelines of launch of a credit programme for Jan Aushadhi Kendras here.
Of the over 2.4 mn companies incorporated in India so far, only 1.5 mn are active, indicating that about two in five did not survive the adverse economic conditions.