Cals Refineries - Progress of Project
Announcement: Cals Refineries Ltd has informed BSE that West Bengal Industrial Development Corporation Ltd. has informed the Company that West Bengal Government has extended the guarantee for release of first installment of loan under the incentive scheme approved by the West Bengal Government
This is good news for Cals Refineries....
Once thr Refinery starts you will see Cals Refineries touching Rs.3 and then Rs.5.....
I expect the refinery to start by March 2010.....
Recommend investors to accumulate at current levels....
do not talk non sense...how can refinery start in 5 months when neither they have FC nor they have started dismantaling the old Refinery they have bought...
Correct the plant infrastructure will get completed by 2010 or 2011 start and production may start by mid of 2011. Thats defined in previous project targets of this company .
Cals Refineries announced that West Bengal Industrial Development Corporation has informed the company that West Bengal Government has extended the guarantee for release of first installment of loan under the incentive scheme approved by the West Bengal Government.
The company is promoted by a group of individuals having well established businesses in India with a strong global presence in Oil & Gas, hospitality and infrastructure.
With the energy sector playing a pivotal role in global economies, the company aims to actively participate in its growth in India as well as in international mark.
Shares of the company declined Rs 0.02, or 3.64%, to trade at Rs 0.53. The total volume of shares traded was 33,020,036 at the BSE (1.32 p.m., Monday).
| NIFTY 
