The Foreign Investment Promotion Board (FIPB) has recommended the proposal of Cals Refineries Ltd for Foreign Direct Investment worth Rs 1425 crore for the consideration of the Cabinet Committee on Economic Affairs (CCEA).
Cals Refineries Ltd. (BSE: 526652) ('Cals') and the Hardt Group ('Hardt') today announced a definitive agreement for Cals to acquire the Cenco and Atas refinery assets owned by affiliates of Hardt and currently located in the United States and the Turkish Republic of Northern Cyprus.
Kharafi Group will invest $150 million in a 100,000 barrels per day (bpd) coastal refinery being built by Cals Refineries Ltd , the Indian company said on Friday, the first such investment by a Kuwaiti firm
Please note that the Registrar and Transfer Agents (RTA) of the Company has been changed with effect from 15th July, 2015, the new RTA of the Company is:
MCS Share Transfer Agent Ltd
F-65, 1st Floor, Okhla Industrial Area
Phase- I. New Delhi – 110020
06/06/2011: FIPB recommends Cals Proposal for FDI worth Rs 1425 crore for CCEA Consideration in their meeting held on 20th May 2011
15/03/2011: Signed Agreement with Hardt Group, Austria for Purchase of CENCO and ATAS Refineries and Equity Investment
31/03/2010: Entered into tri-partite agreement with Haldia Development Authority and West Bengal Industrial Development Corporation (WBIDC), wherein WBIDC took over the land allotted to the Company and agreed to sub-lease the land to the company on compliance of certain terms and conditions
17/06/2009: Cals Refineries signs MoU signed with Bharat Petroleum Corporation (BPCL) for off-take of all products other than those required to be supplied to BP.
13/05/2009: Received environmental clea¬rance from the Union Ministry of Environment and Forests for 5.0 MMTPA capacity
We would like to apprise you that Mr. Sameer Rajpal, Independent Director of the Company, vide resignation letter dated 18.10.2017, has submitted his resignation from the Board of Directors of the Company. He has cited the reason that he has decided to remain Canada, his residential place, with his family, for urgent family/personal needs and due to that he will not available to execute his duties. The Company will take due note of his resignation in the upcoming meeting of the Board of Director.
Pursuant to section 149 of the Companies Act, 2013, read with Regulation 17(1) and 25 (6) of the SEBI’s Listing Regulations, the Board has appointed Mrs. Mansi Arora, as an additional Woman Director in Non-Executive Independent Category with effect from 16.10.2017.
Pursuant to section 149 of the Companies Act, 2013, read with Regulation 17(1) of the SEBI’s Listing Regulations, the Board has appointed Mr. Shailesh Singh, as an additional Director in Non-Executive Independent Category with effect from 16.10.2017.
Mr. Deep Kumar Rastogi, Whole Time Director (Executive Chairman) has resigned from the Board due to health concern for past few months.
Mr. Pranav Kumar, Non-executive Independent director has resigned from the Board due to his pre-occupation and inability to devote time.