New Launch20 Aug 2025, 12:12 pm
Croissance Ltd Identifies 120-Acre Land in Mysuru District for Bio-Energy Business
AI Summary
Croissance Ltd, with the scrip code 531909, has disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, that it has identified 120 acres of land in Mysuru District for setting up a bio-energy business. The company is in advanced discussions to finalize the land on lease for a period of 36 years. The proposed project will focus on the production of Ethanol and allied products, aligning with the company's long-term growth and value creation strategy. The Board of Directors has approved this strategic project.
Key Highlights
- Croissance Ltd has identified 120 acres of land in Mysuru District for a bio-energy business.
- The land is proposed to be used for setting up a bio-energy business, focusing on the production of Ethanol and allied products.
- The project is part of the company's long-term strategy to drive growth and enhance value creation.
- The company is in advanced discussions to finalize the land on lease for a period of 36 years.
- The Board of Directors has approved the proposal for initiating this strategic project.