NCL Industries’ Board has allotted 85,00,000 equity shares of face value of Rs 10 each at a premium of Rs 227.50 per equity share aggregating to Rs 201.88 crore. The Board of Directors of the company at their meeting held on December 14, 2017 has allotted the same.
NCL Industries is an India-based company that operates in five segments: Cement, Boards, Prefab structures, Hydel Power and Ready Mix Concrete. The company was incorporated in 1979, a part of NCL Group. The company is also in the business activities of Cement, Prefab, Boards, Energy, Ready Mix Concrete Division.