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The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Binani Cement Limited has vide its letter inter-alia stated, "We would like to inform you that the company is always considering and exploring various options of expansion of its capacity in India as well as overseas."
"The company has firmed up its plans to increase its market penetration from its overseas operations in UAE and China into East African Markets which includes South Africa/Madagascar/Tanzania. Further to this, no new international subsidiary has been planned." -- www.nseindia.com
Posted August 5th, 2008 by ruzik_tuzik
