The board of MMTC has approved the investment of Rs 32.95 crore in the equity share capital of SICAL Iron ore Terminals to set up port with loading facilities at Ennore port.The board has approved the investment of Rs 26 crore for subscribing / acquiring equity shares of special purpose vehicle (SPV) being created by India Bulls for setting up of a commodity exchange in India.
The board has approved the investment of Rs 12.48 crore for subscribing / acquiring equity shares of special purpose vehicle (SPV) being created by Pamp S.A. for setting up of a project for minting & refining of gold and silver.
The board has approved the investment of Rs 11.70 crore for subscribing / acquiring equity shares of special purpose vehicle (SPV) being created by Gitanjali Gems for setting up of a retail chain for jewellery.
The board has decided to increase the company's investment from Rs 14 crore to Rs 16 crore in the equity capital of Haldia Free Trade Warehousing, advancing an interest bearing loan not exceeding Rs 16 crore and advancing further an interest-bearing loan of Rs 2 crore for purchasing land for the project.
Further, the board has approved the investment of sum of Rs 1.30 lakhs for subscribing / acquiring equity shares of special purpose vehicle (SPV) created by India Bulls Real Estate for bidding for 1800MW power plant for Talwandi Sabo Power, Punjab.
This was approved at the board meeting held on 14 December 2007.
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