Walchandnagar Industries planning to raise Rs 57 crore on private placement basis. The meeting of Capital Issue Committee of the Board of Directors of the company scheduled to be held on September 09, 2017, to consider and approve issue of Unlisted, Secured, Redeemable, Non-Convertible Debentures (NCDs) aggregating to Rs 57 crore.
Walchandnagar Industries is diversified as a high-tech heavy engineering company, manufacturing critical equipment for India's diverse requirements in the field of defence, nuclear power and space programmes, and also for core sectors like cement plant machinery, steam generation and power projects, sugar plant machinery, industrial and marine gearboxes.
