Expansion8 Oct 2026, 06:00 pm
Avalon Technologies Leases 25.08 Acres in SIPCOT for New Unit
AI Summary
Avalon Technologies Limited has executed a lease deed with the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) for 25.08 acres of land. The land, located at SIPCOT Industrial Park, Oragadam, Kancheepuram District, Tamil Nadu, will be used to establish a new industrial unit. The lease agreement is for a period of ninety-nine years. This strategic move supports the company's operational expansion and capacity building.
Key Highlights
- Avalon Technologies leased 25.08 acres from SIPCOT.
- Land is located in Oragadam, Kancheepuram District, Tamil Nadu.
- Purpose is to set up a new industrial unit.
- The lease agreement is for a duration of 99 years.
Price Impact
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