Nine projects with ₹13,487 crore investment cleared
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They are expected to generate job opportunities to 6,256 people
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They are expected to generate job opportunities to 6,256 people
The State government on Wednesday approved nine projects with a total investment of ₹13,487 crore.
The approval came at the State High-Level Clearance Committee chaired by Chief Minister B.S. Yediyurappa here on Wednesday. The investments are expected to generate employment opportunities to 6,256 people.
A release said that of the total investment proposal cleared on Wednesday, ₹13,174 crore pertains to fresh investments while ₹312 crore investment comes as additional investment in Vijayapura-based Mylar Sugar.
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Premji Invest-backed Gold Plus Glass Industry plans biggest expansion of 700,000 MT freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.
MUMBAI: Premji Invest-backed Gold Plus Glass Industry, a local glass manufacturer is planning to raise as much as Rs 2,400 crore through a combination of debt and equity to fund its greenfield expansion ramping up productions.
The company is said to have appointed KPMG as an advisor for the proposed fundraising. It also aims for a public listing at a later stage.
The local manufacturer is looking to raise about Rs 600 crore via equity dilution to any institutional investor, two people with knowledge of the matter told ET. While most of the corpus would be raised via debt – loan or bonds, some internal accruals are likely to be tapped for the same.