The Government of Andhra Pradesh vide its GO dated February 25, 2016 extended power cost reimbursement @ Rs.1.50 per unit for Ferro Alloys Industries in Andhra Pradesh for one year from the financial year 2016-17, as a special case, which will be a great relief to the Company, in particular and Ferro alloys industries, in general.
Metkore Alloys & Industries Ltd is planning to commence its operations shortly.
Source: Equity Bulls
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