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| Exchange Disseminated Time | Nagarjuna Agrichem Ltd has informed BSE that the Board of Directors of the Company at its Meeting held on February 04, 2013, inter alia, has;
1. approved the investment of 20% of the Equity Capital required to implement the 300 MW Hydro Power project on Tolung Chu River in North Sikkim district of Sikkim, by M/s. Himagiri Hydro Energy Private Limited (HHEPL), a Nagarjuna group Company. The project is in very early stage and the aforesaid 20% translates to approximately Rs. 101.0 crores of equity investment;
2. took note of the resignation of Mr. K. Rahul Raju, from the Directorship of the Company. |
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