Business Update30 Oct 2024, 12:19 am
Fine Organic Industries Subsidiary Enters 60-Year Lease for SEZ Manufacturing Unit
AI Summary
Fine Organic Industries (SEZ) Private Limited, a wholly owned subsidiary of Fine Organic Industries Ltd, has entered into a lease deed with Jawaharlal Nehru Port Authority (JNPA) for a plot of land measuring 118186 square meters in the Special Economic Zone, Taluka—Uran, District Raigad, Navi Mumbai, Maharashtra. The lease is for a period of 60 years, starting from October 29, 2024, for the purpose of setting up a manufacturing unit.
Key Highlights
- Fine Organic Industries (SEZ) Private Limited has entered into a 60-year lease with Jawaharlal Nehru Port Authority (JNPA).
- The lease is for a plot of land measuring 118186 square meters in the Special Economic Zone, Navi Mumbai, Maharashtra.
- The manufacturing unit will be set up for the purpose of production and distribution.
- There are no related party transactions involved in this agreement.
- No potential conflict of interest arises from this agreement.