ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Expansion Plan Thwarted

Expansion Plan Thwarted Hansavivek MAFATLAL INDUSTRIES has deferred its proposal for setting up a plant for the manufacture of polyester fibre and polyester filament yarn because of the prevailing government policy. The company is registered under section 20 of the MHTP Act. The management has decided to invest the surplus cash accruals in other reputable concerns upto Rs 1.85 crores. It is proposed to purchase 40,000 shares of Rs 100 each in National Machinery Manufacturers upto Rs 180 per share, 7,350 equity shares of

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