Property13 Oct 2026, 01:25 pm
National Fittings Acquires 4.5 Acre Land for New Facility
AI Summary
National Fittings Ltd has entered into a Memorandum of Understanding (MoU) to acquire a land parcel of approximately 4.5 acres (19,020 Sq. meters) for a new manufacturing facility. The land is adjacent to its existing leased premises in Vadodara, Gujarat. The acquisition cost is approximately ₹4.65 crores and will be funded through internal accruals. The Board of Directors has approved this acquisition via a circular resolution.
Key Highlights
- MOU signed for land acquisition of 4.5 acres.
- New manufacturing facility to be constructed on the acquired land.
- Land cost is ₹4.65 crores, funded by internal accruals.
- Board of Directors has approved the acquisition.
Price Impact
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