NCL Industries

With reference to the news item appearing in a leading financial daily titled " NCL Industries surges on cement order buzz", NCL Industries Ltd has clarified to as follows :

Order from Railways:

It is a fact that the Company has received an order for 1,50,000 MTs of 53 S Grade Ordinary Portland Cement from Railway Board, Ministry of Railways at the rate of Rs 4200/- per MT. In addition to this, the Company received another order for 42000 MTs. of 53 S Grade Ordinary Portland Cement from M/s. Rail Vikas Nigam Ltd at the rate of Rs 4150/- per MT. The delivery of these orders are scheduled to be completed by June / July 2008. These orders were bagged in am open competitive bidding process. The reports on the projected profitability and EPS are in the realm of speculation and the Company does not wish to comment on the same.

Preferential Issue:

There is no proposal at present to make any preferential issue of share to FIIs or otherwise. If and when there is any such proposal, the Company shall intimate the Stock Exchange promptly.