Acquisitions27 Nov 2025, 03:05 pm
NHAI Acquires Ultramarine & Pigments' Land Portion for National Highway Project with Rs. 6 Crore Compensation
AI Summary
Ultramarine & Pigments Ltd. has announced that the National Highways Authority of India (NHAI) has acquired a portion of land admeasuring 10,696 Sq. Mtrs, which is a part of the factory land owned by the Company located at Ranipet, Tamil Nadu. The acquisition has been made for National highway project, and the Company has received a compensation of Rs. 6,01,18,526/- (Rupees Six Crore One Lakh Eighteen Thousand Five Hundred and Twenty-Six only) on 26th November, 2025 from NHAI towards the said portion of land. There is no material impact on the overall operations or the business of the Company due to this acquisition.
Key Highlights
- NHAI has acquired a portion of land from Ultramarine & Pigments Ltd.
- The acquired land is part of the factory land located at Ranipet, Tamil Nadu.
- The acquisition is made for a National highway project.
- The Company has received a compensation of Rs. 6,01,18,526 from NHAI.
- The acquisition does not have a material impact on the Company's operations or business.