Bhuruka Gases to include new business operations in company's MOA

Bhuruka Gases Ltd has announced that the Board of Directors of the Company at its meeting held on April 17, 2007, inter alia, has approved inclusion of the following objects under "other objects" of the Memorandum of Association of the Company subject to such approval as may be applicable under the Companies Act, 1956.

To generate electrical power by conventional, non conventional, thermal, solar hydel, geo hydel, wind and tidal waves.

To develop and accumulate electrical power at the place or places contemplated by the License obtained from the Government and to transmit, distribute and supply such power.

To carry on the business of a General Electric Power supply Company in all its branches, and to construct, lay down, establish fix and carry out all necessary power stations, cables, wires, lines, accumulators, lamps and works and to generate accumulate, distribute and supply electricity, and to light cities, towns, streets, docks, markets, theatres, buildings and places, both public and private.

To deal in commodities / metals of all kinds and descriptions.

The Board also approved the extending of Financial Year from 12 months ending March 31, 2007 to 15 months ending June 30, 2007 subject to such approvals from the appropriate authorities.

The stock closed the day at Rs.22.75, down by Re.0.75 or 3.19%. The stock hit an intraday high of Rs.23.95 and low of Rs.22.15. The total traded quantity was 18465 compared to 2 week average of 3969.

Source : Equity Bulls

Keywords