Date:21/09/2006 URL: http://www.thehindu.com/2006/09/21/stories/2006092102611800.htm

Business - Briefly

LT Overseas sets up warehousing unit

NEW DELHI: Haryana Governor A. R. Kidwai on Monday inaugurated a new warehousing unit set up at Sonepat by basmati manufacturer LT Overseas Ltd (LTOL) for storing 10,000 tonnes of paddy at an investment of Rs. 2.50 crore. The Chairman and Managing Director of the company, V. K. Arora, said the company planned to tap the capital market in October to raise about Rs. 60 crore for increasing both milling and grain storage capacity.