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BSES has informed BSE that the board of directors of the company will meet on January 21, 2004, inter alia, to consider and approve the unaudited financial results of the company for the quarter ended December 31, 2003.

The board would also consider and declare quarterly dividend for the said quarter. The record date for the purpose of determining entitlement for the same would be January 30, 2004.

Thermax has informed BSE that the cogen division of the company has received the letter of intent from a leading company in the chemical industry, valued at Rs 744.70 million. This is for setting up a 25 MW coal-based captive power plant.