3M India approves investment in Ranjangaon, Pune facility

With reference to the earlier announcement dated October 27, 2006 regarding the Board of Directors at their meeting held on October 26, 2006, had approved the investment of not exceeding Rs 640 million in land & buildings with regard to setting up of new manufacturing facility at MIDC, Ranjangaon, Pune, 3M India Ltd has announced that the Board of Directors of the Company at its meeting held on February 26, 2007, has approved investment of not exceeding Rs 500 million towards plant and machinery at the proposed manufacturing facility of the Company at MIDC, Ranjangaon, Pune.

Source : Equity Bulls

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