Expansion22 Sept 2025, 07:11 pm
Jigar Cables Ltd Purchases Industrial Property for Future Expansion
AI Summary
Jigar Cables Limited has purchased an industrial property, which includes Factory Land & Building, situated at Gomta Village, Gondal Taluka, Rajkot District. The property, admeasuring 17,705 sq. meters, was bought for a total consideration of Rs. 5,80,50,000/- (Rupees Five Crores Eighty Lakhs Fifty Thousand only) through internal accruals. The purchase was made for the purpose of future expansion of the Company’s business operations, through the E-auction facility conducted by State Bank of India (SBI).
Key Highlights
- Jigar Cables Ltd purchases an industrial property for future expansion.
- The property is situated at Gomta Village, Gondal Taluka, Rajkot District and measures 17,705 sq. meters.
- The total consideration for the property is Rs. 5,80,50,000/-.
- The purchase was funded through internal accruals.
- The property was acquired through the E-auction facility conducted by State Bank of India (SBI).