Spectrum Foods is setting up a project of salt refinery of capacity 1 Lakh TPA & spices along with a Wind Turbine of 2 MW.
Spectrum has been sanctioned a term loan of Rs. 17.4 crores from State Bank of India and to meet the balance fund arrangement, the Company is re-issuing the forfeited shares on preferential basis to body corporates. The above project for wind mill is to be completed by March 2013 and for salt and spices by December 2013.
Source: Equity Bulls