Aelea Commodities Plans ₹114 Cr Expansion, Housing Colony
Aelea Commodities Ltd announced its Board of Directors has approved a significant expansion plan involving the acquisition of new land for a manufacturing facility and capacity addition. The company will acquire approximately 14,268 Sq.mtr. of land for ₹100.00 crore to establish a new manufacturing unit for Cardonal Processing with a capacity of 30 MT and expand overall manufacturing capacity by 60 MT. Additionally, a staff housing colony will be developed on existing land for ₹14.00 crore. The total estimated investment is ₹114.00 crore, to be financed through internal accruals and/or debt. These projects are slated for completion within 30 months from February 2027, subject to approvals, and aim to meet growing market demand and strengthen operational infrastructure.
Key Highlights
- Board approves land acquisition for new manufacturing unit and capacity expansion.
- Total investment of ₹114 crore allocated for land, facility, and housing.
- Capacity to increase by 60 MT, with new Cardonal Processing unit (30 MT).
- Projects expected to be completed within 30 months from February 2027.
- Financing through internal accruals and/or debt.
Price Impact
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