IRIS reported that Usha Martin's board of directors' meeting will be held on November 12th 2009 to discuss the fund raising by way of issue of securities by the company.

The company operates through its various divisions. The ISO 9001 certified wire and wire rope division with its 100,000 tonnes per annum manufacturing facilities in Ranchi manufactures a range of steel wire ropes which find application in oil exploration, construction, elevators, cranes, mining, fishing, load transportation and general engineering sectors.

(Sourced from IRIS)