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    Cals Refineries outcome of board meeting

    Cals Refineries is hopeful of receiving a favourable order from SEBI shortly. The company will take up with FIPB again after receiving final order from SEBI.

    February 11, 2013 / 17:35 IST

    Cals Refineries Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 11, 2013, inter alia, has considered and approved the disclosures required under Clause 41(IV)(e) of the Listing Agreement for the Quarter ended December 31, 2012. The company has raised Rs 7880 million through GDRs is December 2007, which has been utilized towards the project. The refinery is expected to be operational in approximately 42 months from finalization of EPCC contract. The company is hopeful of receiving a favourable order from SEBI shortly. The company will take up with FIPB again after receiving final order from SEBI.Source : BSE

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    first published: Feb 11, 2013 05:35 pm

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