IPO Objectives
1. Repayment or prepayment of all or a portion of certain outstanding borrowings availed by our Company;
2. Funding capital expenditure requirements for augmenting infrastructure development of our Company towards (i) capacity expansion of the Ankleshwar Facility (Phase 3) and (ii) capacity expansion of the Panoli Facility (Phase 2);
3. Funding capital expenditure in relation to setting up of a new manufacturing facility for generation of steam in Dahej SEZ; and
4. General corporate purposes.
