Tara Chand InfraLogistic Solutions Limited has informed the Exchange that the Board of Directors in its meeting held today has approved the execution of agreement with M/s Venus Rolling Mills Private Limited for For purchase of a parcel of land admeasuring 30,000 square meters located in the Butibori MIDC area of Nagpur, Maharashtra.
TARACHAND · price
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The Board of Directors of Tara Chand InfraLogistic Solutions has approved entering into an agreement with M/s Venus Rolling Mills Private Limited to purchase a parcel of land measuring 30,000 square meters. The land is located in the Butibori MIDC industrial area of Nagpur, Maharashtra. The announcement does not disclose the financial value of the deal or the purpose of the land acquisition. Butibori MIDC is a well-known industrial hub, which could support the company's infra-logistics business expansion.
This signals a potential capacity or business expansion move, but without the deal value or end-use details, investors should wait for further clarity on how the land will be utilised and the financial impact on the company.