[Ferro-Alloys.com] On Tuesday that the board of directors decided to seek confirmation of the decision from shareholders through Postal ballot to execute a Corporate Guarantee for Rs 693.6 million.

It is in favour of Rural Electrification Corporation [REC] for the loan of Rs 693.6 million sanctioned to Facor Power, subsidiary of the company.

Shares of the company declined Rs 0.1, or 2.23%, to settle at Rs 4.39. The total volume of shares traded was 19,753 at the BSE

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