Keep a watch on This stock now. It has got a big investor to invest 650 Cr. So It could make it easier for cals to get the FC done now... UC (20%) for last 2 days.
ICICIDiecrt had disabled buy option on this but has enabled it now, should we take it as positive ?
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Source:BSE
Cals Refineries Ltd has informed BSE that Al Qebla Al Watya of Kuwait on November 25, 2010 has signed agreements with the Company as its first entry into the Indian oil refining Sector. The agreements cover cash investments of USD 150 million through GDR route. The investment is subject to all Indian government and regulatory approvals.
Al Qebla Al Watya is an investment vehicle of Kharafi. The Kharafi family with a heritage of over 100 years hails from Kuwait and controls one of the Middle East's largest conglomerates in the field of finance, construction, manufacturing (including oil and gas equipment), food industry, telecommunication and hospitality among many others. The Kharafi Group now operates in more than 30 countries around the world and has more than 100,000 employees.