The Board in its meeting held today has deliberated about its investment made in promoter backed Company Giridhan Metal Private Limited which has already achieved COD (Commercial Operation Date) and started commercial production in full scale. Giridhan Metal Private Limited has requested for further funds for its business purpose and the Board has given its in principal approval to invest further upto ? 100 Crore in the said Company thus making it an Associate Company. Further, details about the investments will be shared in the due course.