Century Extrusions rights issue

The board of Century Extrusions just a while ago informed us that they have approved rights issue of equity shares to part finance the cost of expansion (enhancement of capacity for manufacture of aluminium extrusions from 7500 TPA to 15000 TPA, estimated project cost – Rs 34.50 core) and diversification (setting up facility for manufacture of 6000 TPA power transmission and distribution line hardware – estimated project cost Rs 1.00 crore) projects of the company.