Expansion3 Sept 2026, 04:41 pm
ZF Steering Gear Subsidiary Acquires Land for Aluminium Project Expansion
AI Summary
DriveSys Systems Private Limited, a wholly-owned subsidiary of ZF Steering Gear India Ltd, has acquired an additional 25,882 sq. mtrs. of land at Supa Parner Industrial Park, Maharashtra. This acquisition is adjacent to the existing project site and is intended to facilitate the expansion and development of DriveSys's Aluminium Project, providing more space for manufacturing facilities and related infrastructure. The land acquisition follows a previous communication regarding a revision in the project cost and is in line with communications from the Maharashtra Industrial Development Corporation (MIDC).
Key Highlights
- Subsidiary DriveSys Systems acquired 25,882 sq. mtrs. of land.
- Land acquisition supports expansion of the Aluminium Project.
- Acquisition provides space for manufacturing and infrastructure.
- This is a continuation of earlier project cost revision communication.
Price Impact
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