WALCHANDNAGAR INDUSTRIES LTD. - Clarifies on News item
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| 07 Jan 2015 | |
| With reference to the news item appearing in the CNBC TV - 18 regarding "Walchandnagar Ind may demerge into mfg, EPC, engg units: MD", Walchandnagar Industries Ltd has clarified to BSE as follows :<BR><BR>"1) If you kindly refer the Verbatim Transcript of the interview of Mr. G. K. Pillai, the reply was with reference to 3 important divisions of the Company which are the main 3 pillars of the organization. As regard the De-merger he has clearly mentioned that we have not firmed up yet.<BR><BR>2) As regards the JV with Russian Company AEM for Nuclear business opportunity, he has mentioned in the interview that we had a tie up with the AEM in the past. However, the talks could not be taken further due to various reasons. However, now we are in the process of reviving the discussion with AEM.<BR><BR>The view expressed by Mr. G. K. Pillai, Managing Director & C.E.O. reflect the strategic thinking of Walchandnagar Industries regarding its way ahead. As a listed corporate entity, we do understand our responsibility of intimating the Stock Exchanges before any events and we have always complied with." | |
| View all announcements for WALCHANDNAGAR INDUSTRIES LTD. | Source: BSE India |
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