Objects of the Issue
| # | Purpose | Estimated Amount |
|---|---|---|
| 1 | Investment in Midwest Neostone, the wholly owned subsidiary, by way of a loan, towards funding capital expenditure for the Phase II Quartz Processing Plant | ₹130.30 Cr |
| 2 | Capital expenditure for purchase of Electric Dump Trucks to be used by the Company and APGM, the Material Subsidiary | ₹25.76 Cr |
| 3 | Capital expenditure for integration of solar energy at certain Mines of the Company | ₹3.26 Cr |
| 4 | Pre-payment/re-payment of, in part or full, certain outstanding borrowings of the Company and APGM | ₹56.22 Cr |
| 5 | General Corporate Purposes | ₹9.08 Cr |
| 6 | Issue Expenses | ₹45.76 Cr |
| 7 | Total | ₹270.37 Cr |