Last Updated : Wednesday, January 15, 2020 16:26:04

DEEPAK NITRITE brought 1-billion-rupees industrial land @ DAHEJ (GUJARAT)

VADODARA (BARODA) | MUMBAI | RAJKOT – In a regulatory update as submitted to the Indian Stock Exchanges, Vadodara (Baroda) headquartered commodity chemicals manufacturing company – Deepak Nitrite Ltd said of having acquired industrial land admeasuring 125 acres for 1 billion (~99.25 crore) rupees at Dahej in Bharuch district, of Gujarat, with an intent to use the same for future growth or expansion plans.

The filing as submitted by the company to the Indian Bourses, further read that, Company has acquired industrial land admeasuring around 125 acres situated at Industrial Phase, GIDC Industrial Estate, Dahej-2, Gujarat for a total consideration of t 99.25 crores.

The Company has received transfer order from Gujarat Industrial Development Corporation (GIDC) in its favour in respect of the said industrial land and has paid the entire purchase consideration and other related charges.

The said industrial land will be utilized by the Company for the future growth / expansion plans of the Company.

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