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Porwal Auto Components taps market

NEW DELHI: Porwal Auto Components Ltd., engaged in manufacturing and selling of SG and CI castings for the automobile sector, is entering the capital markets on December 17 with a public issue of 50 lakh equity shares of Rs. 10 each through the book building process. The company proposes to expand the manufacturing capacity to 27,600 tonnes annually from 6,600 tonnes annually and also set up a wind mill, Devendra Jain, Managing Director of the company, told reporters here on Thursday. The price band has been fixed at Rs. 68-75 per equity share. The issue will close on December 20. — Special Correspondent

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