Brief: Metkore Alloys and Industries announces extension of power cost reimbursement to Ferro Alloys Industries
01/03/2016 12:57
March 1 (Reuters) - Metkore Alloys & Industries Ltd METK.NS : * Extension of power cost reimbursement to ferro alloys industries * Andhra pradesh government extended power cost reimbursement at inr 1.50 per unit for ferro alloys industries for one year * Source text: Metkore Alloys & Industries Ltd has informed BSE that the Government of Andhra Pradesh vide its GO dated February 25, 2016 extended power cost reimbursement @ Rs.1.50 per unit for Ferro Alloys Industries in Andhra Pradesh for one year from the financial year 2016-17, as a special case, which will be a great relief to the Company, in particular and Ferro alloys industries, in general. The Company is planning to commence its operations shortly. * Further company coverage METK.NS ((Bengaluru Newsroom; +91 80 6749 1130))