Riddhi Siddhi Gluco Biols (RSGBL) is
planning to improve existing facilities and is setting up a new maize processing
complex with a capacity if 1.65 lakh tpa at Uttaranchal. The project will entail
an investment of Rs.120 crore.
The project will be funded by a
combination of equity, internal accruals and debt and has tied up bank loans to
the tune of Rs.65 crore from Oriental Bank of Commerce and IDBI. The company
will use the preferential allotment to raise funds through the equity route.
Work on the maize processing unit is
scheduled for completion by March 2007.
Related links:
Project
profile