Joint Venture12 Feb 2025, 10:24 pm
NITCO LTD. Approves Plotted Development of 70-Acre Land in Alibaug with Total Environment Building Systems
AI Summary
NITCO LTD. has announced that its Board of Directors has approved the plotted development of a 70-acre land situated at Alibaug, specifically in Shrigaon, Kalwadkhar, Mondvira & Dehenkoni villages, Raigad. The development will be undertaken with Total Environment Building Systems Private Limited. The completion of the proposed transaction is subject to fulfillment of certain conditions and other requisite approvals.
Key Highlights
- NITCO LTD. Board of Directors approved the plotted development of a 70-acre land in Alibaug.
- The development will be undertaken with Total Environment Building Systems Private Limited.
- The completion of the proposed transaction is subject to fulfillment of certain conditions and other requisite approvals.
- The expected time for the development of the project is approximately three years from the commencement date.
- Total Environment Building Systems Private Limited does not belong to the promoter/promoter group/group companies.