23 AUGUST 2011business standard
No need to tap mkts for 3 years to fund expansion: Nalco
Edited by : AL CIRCLE
1 min read
BL Bagra, chairman and managing director of National Aluminium Company (Nalco), today said the aluminium major does not need to tap the markets in the next three years for expansion, but it is up to the government to take a call on disinvesting its stake in the company.
The government, with 87.15% holding in Nalco, has put the company on its disinvestment radar during the current fiscal.
However, Bagra said the company has enough cash for implementing its expansion plans.
The government, with 87.15% holding in Nalco, has put the company on its disinvestment radar during the current fiscal.
However, Bagra said the company has enough cash for implementing its expansion plans.
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