Paramount Communications Ltd

Paramount Communications Ltd has informed the Exchange that "The Company has commenced land development and civil construction on 25 acres of land in Khushkhera Industrial Area, Distt. Alwar, Rajasthan for setting up of a new manufacturing for Power Cables in accordance with the 3rd phase expansion plan of the Company. The said land is located just opposite to the existing plant of the company and has been recently allotted to the Company by RIICO, Rajasthan. The main objective of this land acquisition is to embark on further expansion by induction of additional capacity in Power Cables".