Business Update24 Sept 2026, 09:56 pm
Laser Power & Infra Gets 40 Acres Land for Mfg Facility in WB
AI Summary
Laser Power & Infra Ltd has received a Provisional Letter of Intent (LOI) from West Bengal Industrial Development Corporation (WBIDC) for the allotment of approximately 40 acres of land at Vidyasagar Industrial Park, Kharagpur. This land, to be leased for 99 years, will be used to set up a manufacturing facility for Integrated Power Cables and Conductors. The company needs to complete formalities as per the LOI. This expansion is expected to strengthen its position in the power infrastructure sector, increase manufacturing capacity, and improve supply chain efficiencies.
Key Highlights
- Secured 40 acres of land for a new manufacturing facility.
- Allotment is on a long-term lease basis for 99 years.
- Facility to produce Integrated Power Cables and Conductors.
- Aims to expand manufacturing capacity and market presence.
- Project expected to improve supply chain efficiencies.
Price Impact
More from LASERPOWER