Darjeeling Subsidiary Novva to Acquire 51% of SJ Construction

Darjeeling Industries subsidiary Novva Defence signed MoU to acquire 51% stake in pipeline infrastructure firm SJ Construction.
SJ Construction specializes in gas, petroleum, and aviation fuel pipeline projects with values ranging from ₹7-22 crore.
Acquisition aims to diversify business portfolio and create synergies in the fast-evolving infrastructure sector.
Consideration amount and completion timeline for the transaction have not been finalized or disclosed.