Deals18 Mar 2025, 06:41 pm
Bansal Wire Industries Subsidiary Secures 170,000 Sq. Mtrs. Land from GIDC Estate for Manufacturing Unit
AI Summary
Bansal Wire Industries Limited announced that its wholly-owned subsidiary, BWI Steel Private Limited, has successfully executed a land agreement with GIDC Estate, Sanand-II, Gujarat. The agreement allots 170,000 sq. mtrs. of land for setting up a plant/manufacturing unit at industrial plot No. SM/52/2, Sanand-1I Industrial Estate. This development follows BWI Steel Private Limited's earlier application for 200,000.00 sq. mtrs. of land. The subsidiary received the agreement through registered post on 17th March 2025, prompting the company to disclose the information as required by Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Key Highlights
- Bansal Wire Industries Limited's subsidiary, BWI Steel Private Limited, secures 170,000 sq. mtrs. of land from GIDC Estate.
- The allotted land is for setting up a plant/manufacturing unit at Sanand-1I Industrial Estate.
- This development comes after the subsidiary's application for 200,000.00 sq. mtrs. of land.
- BWI Steel Private Limited received the agreement through registered post on 17th March 2025.
- The company discloses the information as required by Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.