Home / Knowledge / News / Textiles / Shri Lakshmi Cotsyn Ltd raises project costs
Shri Lakshmi Cotsyn Ltd raises project costs
20
Oct '08
Shri Lakshmi Cotsyn Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 20, 2008, inter alia, have decided the following:

1. Revised the cost of Project from Rs 350 Crores to Rs 365 Crores due to delay in the proposed implementation of the Terry Towel and Captive Cogeneration Power Projects.

2. In view of present volatile market condition of Capital Market, the company has decided to raise the quantum of Term Loan from Rs 170 Crores to Rs 250 Crores. The Company has already invested in the project Rs 40 Crores from internal accruals and balance Rs 75 Crores will be raised by way of Share Warrants, QIP, PE / PP, FCCB, GDR's /ADR'S, etc.

3. Postponement of the EGM scheduled to be held on October 31, 2008.

Shri Lakshmi Cotsyn Ltd

Must ReadView All

Courtesy: BGMEA

Apparel/Garments | On 27th Feb 2017

'Brands & buyers should help Bangladeshi factory owners'

Brands and buyers should come forward to help factory owners in...

Apparel/Garments | On 27th Feb 2017

Myanmar sets up new committee to revise minimum wage

The Government of Myanmar has set up a new committee, replacing an...

Courtesy: PT Indonesia Taroko Textile

Textiles | On 27th Feb 2017

Taiwan's Lealea to buy Tarako textile plant in Indonesia

Taiwan based textile manufacturer Lealea Enterprise Company, one of...

Interviews View All

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Nitin Soni
Dolphin Jingwei Machines

Taxation policies need to be made simpler

Frank Gossmann
Rotorcraft AG

‘RT3 motto is: Do not check millimetres, check colours.’

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer Prathyusha Garimella is known for blending...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Karan Arora
Karan Arora

Bridal couture created with rich Indian heritage, exquisite craftsmanship...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search