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Tuesday, Feb 10, 2004

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Glofame Cotspin resolution cleared

Our Bureau

Mumbai , Feb. 9

GLOFAME Cotspin Industries Ltd has informed the Bombay Stock Exchange that members of the company, vide postal ballot, have approved the resolution authorising the board to give guarantee to secure enhanced working capital facility of Rs 100 crore (including guarantee already given for Rs 90 crore) that Welspun India Ltd availed itself of.

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Stories in this Section
HCC bags NHAI order


Reliance plans petrol stations, power units in Karnataka
Dr Reddy's to sell Compact Elec to Bangalore co
ONGC's retail foray delayed
Hi-Build Coatings expands capacity
Glofame Cotspin resolution cleared
ABB India bags Asiamoney award
Third set of financial management CDs launched
NTPC to raise Rs 900 cr thru global bonds
Mahindras to acquire majority stake in IT firm Bristlecone
Petronet LNG stakes claim for 10 pc equity in Ras Gas train — Public issue to open on February 19
Donear eyes high-end textile blends — Plans manufacturing unit in J&K
Greenfield coke project planned near Dharwad
Gulf Oil plans Rs 5-cr expansion
CESC board okays Rs 50-cr rights issue
Jay Shree Tea takes management control of Singbuli estate
Gayatri Sugars to convert promoters' loans to equity
Anest Iwata to make India export hub
SKM Egg Products in expansion mode
Jindal Stainless plans equity issue to fund expansion
Best Western plans to add 10 more hotels in India
New CMD for Northern Coalfields



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