Business Update4 Mar 2024, 08:35 pm
Pondy Oxides & Chemicals Ltd. Acquires 122.65 Acre Industrial Land Parcel in Gujarat for Rs. 41.40 Crores
AI Summary
Pondy Oxides & Chemicals Ltd. has successfully acquired an aggregate industrial land parcel of 122.65 acres at Mundra, Gujarat for Rs. 41.40 crores, as part of its strategic expansion plans and to prioritize the Make in India initiative. The acquisition is expected to position the company advantageously to serve the Western region and expand its export capabilities globally.,
Key Highlights
- Acquisition of 122.65 acre industrial land parcel in Gujarat
- Investment of Rs. 41.40 crores
- Expansion plans to prioritize Make in India initiative
- Proximity to port and potential for domestic and international markets
- Strategic location for expanding export capabilities