VIKASHMET

Vikash Metal & Power Limited has informed the Exchange that "The Company has inked an MOU with the Bihar State Electricity Board (BSEB) for execution of 2X250MW thermal project in Begusarai On 16th June, 2007, The project will be requiring an investment of Rs.2500 crore which will be funded through a mix of debt and equity and is likely to be commissioned by 2011.The Company has approached the Union coal Ministry for coal blocks. The State electricity Board with the assistance of the State Government will help the Company in coal block allotment. The proposal has already received approval from

Vikash Metal & Power Limited has informed the Exchange that " The E-Mail Id of the Grievance redressal division exclusively for the purpose of registering complaints by the investors is - investor@vikashmetalpower.com".

The Company shall publish Audited Financial Results within a period of 3 month for the year ended on March 31, 2007 i.e. on or before June 30, 2007.

Vikash Metal & Power Limited had informed the Exchange regarding the company's new communication address as mentioned below : " 21, Centre Point" Hemant Basu Sarani, 3rd Floor, Room No.312, Kolkata- 700001 Phone: +91 33 2231 8306-09, Fax:+91 33 2231-8303. But Company's Registered office address will be same as earlier i.e. 35, Chittaranjan Avenue, 6th Floor, Kolkata- 700012. The Company has now informed the exchange that the new address should read as :- "Centre Point" 21, Hemant Basu Sarani, 3rd Floor, Room No.312, Kolkata- 700001 Phone: +91 33 2231 8306-09, Fax:+91 33 2231-8303.

Vikash Metal & Power Limited has informed the Exchange that the Company has appointed Miss Ruchika Jain as the Company Secretary and Compliance Officer of the Company with effect from December 01, 2006.

Vikash Metal & Power Limited has informed the Exchange regarding the company's new communication address as mentioned below : " 21, Centre Point" Hemant Basu Sarani, 3rd Floor, Room No.312, Kolkata- 700001 Phone: +91 33 2231 8306-09, Fax:+91 33 2231-8303. But Company's Registered office address will be same as earlier i.e. 35, Chittaranjan Avenue, 6th Floor, Kolkata- 700012.

Vikash Metal & Power Limited has informed the Exchange that the company will publish Audited Result for the quarter/ half year ended September 30, 2006 within 2 months of the end of the quarter/ half year instead of unaudited result within 1 month of the end of the quarter September 30, 2006 as prescribed in Clause 41 of the agreement.

Vikash Metal & Power Limited has informed the Exchange that Mr. Nitin Didwania, Company Secretary, of the Company has resigned from the post of company secretary of the Company w.e.f. September 11,2006. The resignation letter has been accepted by the Board in the meeting held on September 11,2006. Further, the company is taking necessary step to appoint new company secretary as soon as possible.

Vikash Metal & Power Limited has submitted to the Exchange a copy of the Minutes of the AGM of the Company held on September 05, 2006. The details of the minutes shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Vikash Metal & Power Limited has informed the Exchange that the AGM of the Company will be held on September 5, 2006. The register of members and Share Transfer Book of the Company will remain closed from August 29, 2006 to September 5, 2006 (both days inclusive).

Vikash Metal & Power Limited has informed the Exchange that all major equipments for projects (Hot Rolling Mill, Ferro Alloys & Captive Power Plant) under implementation have been procured or reaching at site. The company expects the projects to be completed as per schedule. The Board has also decided to take on hand the preparation of a project feasibility report ( both technically and economically) to enhance the capacity of its induction Arc Furnace from 85500 mtpa to 114000 mtpa & its Hot Rolling Mill from 48000 mtpa to 120000 mtpa.

Vikash Metal & Power Limited has informed the Exchange that Mr. Vijay Mal Lodha, Independent Director, of the Company has resigned from the Directorship of the Company w.e.f. April 26, 2006. The resignation letter has been accepted by the Board in the meeting held on April 26, 2006. The Company has further informed the exchange that the Board of Directors has appointed Mr. Kailash Chand Jain as additional independent director w.e.f. April 26, 2006.