I have a query on their announcement dt Aug’15 “Pending receipt of approval of TNPCB for consent to operate at higher capacity, utilization of the plants has been restricted.”
If their current capacity is under question for Pollution board how come a big capacity planned by the company will not face such risk in future?
Second in their May press release they had plan to invest Rs 100cr for capacity expansion
But in Sep they signed MOU of Rs 500cr investment which includes power plant as well
Discl – Exited fully in 2 phases…want to buy again post some clarity on capex
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