Board approves Rs 41 crore land purchase for new chemical unit
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The board approved buying about 23 acres of industrial land from Tata Steel Special Economic Zone in Gopalpur, Odisha for Rs 41 crore, including taxes and stamp duty. The cash purchase will support a new chemical manufacturing unit and long-term expansion. The completion date is not yet known.
The project may support future growth and capacity expansion, but it requires a Rs 41 crore cash outlay and carries construction and execution risk.