The board of directors of Suryachakra Power Corporation at its meeting held on November 11, 2010 has considered the acquisition of power project companies by way of merger and resolved to revisit the same at the next meeting to be held on November 22nd 2010.

The board has approved the proposal for acquisition of an operating / non-operating steam coal asset in Indonesia through a subsidiary to be incorporated in Singapore.

It has also approved the proposal to raise an ECB of USD 25 million either by the Company or through its overseas subsidiary.

The board has approved the appointment of Mr KB Trehan as an additional director of the company. Mr Trehan is an engineer with more than 40 years of experience in the areas of mining, power, steel and management.

(Sourced from IRIS.COM)