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Latest Articles in kesoram industries

Kesoram Industries Puts Rayon Factory Under Suspension Of Work

Rayon division contribution is negligible for the company that is struggling to bring down its Rs 1,900 crore debt to a sustainable level.

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Kesoram Industries To Raise Rs 500-600cr In Equity To Reduce High-Cost Debt

Rising funds up to Rs 600 crore by way of equity will take place in tranches. In the first tranche, a rights issue worth around Rs 200 crore is likely to be floated

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Kesoram Industries To Ramp Up Industrial Footprint In Bengal

The spun pipe and foundry division, in which work remained suspended since 2008, is located at Hooghly’s Bansberia, while production was suspended in 2010 in Hindustan Heavy Chemical unit at Khardah in the northern fringes of Kolkata.

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Kesoram To Infuse Rs 600 Crore In Tyre Business, To Acquire Mine

The company has been able to bring down its long-term debt to almost half to around Rs 2,200 crore but even then debt equity ratio is unfavourable at 6:1

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