Date: September 7, 2026
Board Meeting Outcomes
- The Board of Directors approved capital expenditure of ₹126 crores for purchase of approximately 134 acres of land at Auro Industrial City, Kakinada, Andhra Pradesh
- The expenditure includes land purchase cost and other related expenditure
- The meeting was held on September 7, 2026
Land Acquisition Details
- Location: Auro Industrial City, Kakinada, Andhra Pradesh
- Land Area: Approximately 134 acres
- Investment Amount: ₹126 crores
- Mode of Financing: Through internal accruals
- Purpose: For company's future expansion
Additional Rights
- Company has right of first refusal to purchase additional contiguous land parcel of approximately 66 acres at a later date
- Potential aggregate land parcel could total approximately 200 acres
Capacity Details
- Existing Capacity: Not specified (N/A)
- Existing Capacity Utilization: Not specified (N/A)
- Proposed Capacity Addition: Not specified (N/A)
- Implementation Timeline: Not specified (N/A)