Sesa Goa approves Rs6.05bn capex

25 Sep 2009 , 02:23 PM

Sesa Goa Ltd has informed that its Board of Directors at its meeting held on September 24, has approved the capital cxpenditure proposal of Rs6.05bn for increasing the capacity of the Pig Iron plant by 3,75,000 MTPA along with expansion of Met Coke Plant and setting up of Waste Heat Recovery Power Plant.

The company will also convene an Extraordinary General Meeting on October 20, to seek approval of the shareholders for fund raising of up to Rs60bn in the form of Foreign Currency Convertible Bonds (FCCBs), Qualified Institutional Placements (QIP), American Depository Receipts (ADR), Global Depository Receipts (GDR), Non Convertible Debentures (NCD), warrants or any other security as per the statutory regulations prevailing at the time when the transaction is entered into.