Walchandnagar Industries has received an approval for issuance of Unlisted, Secured, Redeemable, Non-Convertible Debentures of Rs 57 crore on private placement basis. The Committee of Directors for Capital Issue constituted by the Board of Directors of the Company at its meeting held on September 09, 2017 has approved the same.
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.
