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NBFAL to raise funds for expansion

HYDERABAD: Nava Bharat Ferro Alloys Ltd. (NBFAL) is planning to raise funds to part finance its expansion programme involving an investment of over Rs. 350 crore to be spent in the next two years. Of the total amount, the company is likely to raise $50 million for expanding capacities of its sugar and power divisions. The final size and time of the issue would be decided by the NBFAL board that is scheduled to meet on May 31.

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