1) Funding capital expenditure towards setting up of a manufacturing facility of the Company by purchase of land,building of factory shed, civil work and installation of additional plant and machinery therein
2) Investment in our Subsidiary, Metalurgica India Private Limited for financing its capital expenditure towardspurchase of land, building of factory shed, civil work and installation of additional plant and machinery therein
3) To meet working capital requirements.4) General Corporate Purpose.