Indo Rama Synthetics Board to consider merger of Indo Rama Petrochemicals Ltd

Indo Rama Synthetics India Ltd has announced that a meeting of the Board of Directors of the Company will be held on November 30, 2006 to consider, on principle, the merger of Indo Rama Petrochemicals Ltd (IRPL) with the Company.

IRPL, a non-listed closely held Company is in the advanced stage of commissioning of a coal fired captive Power Plant at Butibori, Nagpur.

Source : Equity Bulls

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