India Cements Ltd (ICL) has received shareholder approval for raising Rs 500 crore through qualified institutional placements (QIP) or foreign currency convertible bonds (FCCB) to meet its capital expenditure needs.
According to the company´s Managing Director and Vice-Chairman N Srinivasan, 2015 is expected to prove better than the previous one. ´The last three years of UPA rule saw large scale stagnation. But we are cautiously optimistic about the next year,-ö he said.
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