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Wednesday, February 08, 2006

Public issue to raise money for 100% EOU: Today' Writing

Today's Writing has lined up a public issue to raise money for a 100% export oriented unit to make pens and other stationery products.

CFO at Today's Writing, Deepak Nanda, says that the company is executing the EOU project in two phases. One, a million-pen capacity per day will be ready by July 2006 and two million capacity per day will be ready by March 2007.

Talking about getting into the retail business, Nanda says that the company plans to open 300 retail outlets, which will be a mix of company-run and franchisee outlets in India. He further says that the company is aiming at Rs 11 EPS on the expanded capital for the next fiscal year.

Source: Moneycontrol

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