New Launch22 Jan 2026, 05:21 pm
Sudeep Pharma's Subsidiary Acquires Leasehold Land in Dahej, Gujarat for Battery Grade - Precursor Materials Manufacturing Facility
AI Summary
Sudeep Pharma Ltd announces that its wholly owned subsidiary, Sudeep Advanced Materials Private Limited, has purchased the rights in leasehold land in Dahej, Gujarat from DCM Shriram Fine Chemicals Limited. The land, located in the Gujarat Industrial Development Corporation (GIDC) industrial estate, was acquired for a consideration of up to INR 20,97,03,000 (excluding transfer and other applicable charges and duties). The purpose of acquiring the land is to set up a commercial manufacturing facility for Battery Grade - Precursor Materials mainly Iron Phosphate. The transaction does not involve any related parties and no special rights were granted in the agreement.
Key Highlights
- Sudeep Pharma's subsidiary acquires leasehold land in Dahej, Gujarat.
- Land purchased from DCM Shriram Fine Chemicals Limited for a consideration of up to INR 20,97,03,000.
- Land to be used for setting up a commercial manufacturing facility for Battery Grade - Precursor Materials mainly Iron Phosphate.
- Transaction does not involve any related parties.
- No special rights were granted in the agreement.