Steel Exchange India has plans to increase the authorised capital of the company. The decision, in this regard, is expected to be taken in company's board meeting on January 22.
The company will also consider the proposal of merger of GSAL (India) with the company subject to the directions of BIFR and also subject to the approval of the members.
The company will also consider issuing of securities through follow on public issue up to Rs 150 crore.
Besides, it will also consider issuance of securities under QIP up to Rs 150 crore.
On the Bombay Stock Exchange, the company's shares were trading at Rs 36 at IST 1159.