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

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Singhal Swaroop Ispat

August and commercial production at the new plant was to commence in September. There has been a Rs 7 crore overrun in the cost of this project. For its part financing the company mobilised Rs 1,343.88 lakh with a rights issue of fully convertible debentures and private placement of non-convertible debentures during 1991-92. The directors now intend to complete the balance financ ing of the expansion-cum-modernisation programme and the sponge iron project. They expect these plans to be yielding greater growth and better results of the company for

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