Acquisitions25 Aug 2026, 05:50 pm
Vibhor Steel Tubes Subsidiary Acquires Land for ₹20.08 Cr
AI Summary
Vibhor Steel Tubes Limited's wholly-owned subsidiary, Viyom Steel Infra Private Limited, has entered into an agreement to acquire 14.2125 acres of land in Kalwas, District Hisar, Haryana, for ₹20.08 crore. This strategic acquisition is intended to support the company's expansion plans into infrastructure-related manufacturing activities, including the production of transmission towers, monopoles, crash barriers, and other allied products. The land will be used to set up a commercial manufacturing facility.
Key Highlights
- Subsidiary acquires 14.2125 acres of land for ₹20.08 crore.
- Acquisition supports strategic expansion into infrastructure manufacturing.
- New facility to produce transmission towers, crash barriers, etc.
- Transaction aims to bolster manufacturing capabilities.
Price Impact
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