Outcome of Board Meeting
Southern Ispat and Energy Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 14, 2014, inter alia, has decided to diversify and de-risk by going into manufacturing of solar grade silicon ingots and bricks used in solar cells. The Company has signed an Agreement with Gujarat Government to set up the plant and the Board has decided to acquire 200 Acres of Land in a phased manner.