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Friday, February 17, 2006

Solar Explosives plans IPO of 44 lakh shares

Solar explosives, the largest manufacturer of bulk explosives in India, plans to hit the capital market with an IPO of 44 lakh shares.

Solar explosives, the largest manufacturer of bulk explosives in India, plans to hit the capital market with an IPO of 44 lakh shares.The issue is meant to set up support & transfer plants for bulk explosives. It will also facilitate setting up units to make cartridge explosives & magazines.

Its Director R D Vakil says that the company has a plan of setting up bulk explosive units at 13 different locations in two phases.

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