Shree Rama Newsprint Limited on Monday has signed a Memorandum of Understanding (MOU) with the Government of Gujarat for venturing into Starch & its derivatives and allied products manufacturing business at an existing plant location in Barbodhan, Surat.
“Earlier the Board of Directors of the Company in its meeting held on January 2, 2022, had passed a resolution authorizing the same. This is subject to the approval of members of the Company and all other regulatory consents or approvals from competent authorities,” the company said in a filing on Monday.
At around 10.03 am, Shree Rama Newsprint Ltd was trading at Rs20.95 per piece up by Rs0.4 or 1.95% from its previous closing of Rs20.55 per piece on the BSE.
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