We intend to utilize the proceeds of the Issue for the following purposes:1. To set up additional manufacturing facilities at Jaipur and new facility at Wada, Maharashtra in India2. To invest in overseas ventures at- Sri Lanka- Navam Lanka Limited- Senegal - Pagrik Senegal SA- Honduras - Gravita Honduras SA3. To invest in setting up manufacturing facilities at Australia, Belarus, Chile and Mexico.4. To provide margin money for working capital requirement5. For general corporate purposes6. To meet the expenses of the issue.7. To list the equity shares on the Stock Exchanges.