Suraj Stainless to consider raising fund on Aug 14

New Delhi, Aug 11: Suraj Stainless today said its board will consider raising of finance by different modes including private placement and preferential allotment, for its long term working capital requirements.

In a meeting to be held on August 14, 2006, the board of directors will also consider enhancing capital structure and finalise members meeting for approval of fund raising instruments.

Suraj Stainless Ltd, manufactures pipes, tubes and U tubes and has one manufacturing unit with a capacity of 500 mt per month.

UNI