Raj Rayon Industries Limited - Updates
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| 21 Feb 2014 | |
| 1. With reference to the earlier announcement dated October 14, 2013 in which Company had informed that Board of Directors of the Company in its meeting held on October 14, 2013 approved the proposal for Corporate Debt Restructuring (CDR), <br/><br/>In this connection, Raj Rayon Industries Ltd has informed BSE that Company's proposal has been discussed in CDR Empowered Group meeting and it has advised the Monitoring Institutions (led by State Bank of India) for submission of final restructuring proposal.<br/><br/>2. With reference to the earlier announcement dated November 13, 2013 in which Company had informed that its Continuous Polymerisation Plant (CP Plant) was temporarily closed due to negative margin and its remaining plants were running partially.<br/><br/>In this connection, the Company has informed that, at present company's Continuous Polymerisation Plant (CP), Partially Oriented Yarn (POY) and Fully Drawn Yarn (FDY) Plants are fully closed due to negative margin and only Partially Texturised Yarn (PTY) plant is running partially.<br/><br/>Further the Company has informed that, all the closed plants of the Company will resume its operation once the margin improves and Company gets final approval of CDR package. | |
| View all announcements for Raj Rayon Industries Limited | Source: BSE India |
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