With reference to the news article appearing in a leading financial daily titled "Usha Beltron buys wire rope plant in Dubai" Usha Beltron Ltd has informed BSE that while briefing the Press about the on going projects being implemented by the Company at Jamshedpur and Ranchi with the funding from IFC and DEG, it had mentioned that the company had purchased a unit in Dubai which owned plant and machinery needed for the manufacturing of bright bars, which is a part of the ongoing projects of the Company. While the plant and machineries for manufacturing bright bars have been shipped to India for the said projects, the shed in Dubai will be used by one of the subsidiaries of the Company as warehouse for wire and wire ropes.
BSE Code: 517146
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