Bajaj Hindusthan has announced the raising of
$255.6 million by way of an international issue of GDRs and FCCBs. Proceeds of
the issue (around Rs.1,100 crore) would be used to finance the company's
expansion plans.
BHL has planned to raise its overall sugar
capacity from the current 53,000 tccpd to over 1,00,000 tccpd. Power capacity
would be raised to 270 MW while ethanol capacity would be significantly enhanced
to 800 kld.
Also See:
Bajaj Hindusthan
targets 1,00,000 tccpd sugar capacity (21-Jan-06)