Heranba Industries acquires additional Industrial Plot at Saykha Industrial Estate for expansion

Heranba Industries Limited ("Heranba'") has acquired additional Industrial Plot No-T108 +109 admeasuring 57,248.29 Sq. mt at Saykha Industrial Estate.

Heranba already has a parcel of land measuring around 34,600 sq. mt. at Saykha situated at Plot No. C-195 and C196 in the Saykha Industrial Estate for which Heranba has received a Consent to Establish ("CTE") from Gujarat Pollution Control Board ("GPCB") for manufacturing of pesticides, intermediates, fungicides, herbicides, and insecticides ("Products"). Further It had already received the Environmental Clearance from the Ministry of Environment, Forest & Climate Change, Government of India for setting up a manufacturing unit of capacity 10,680 TPA at Saykha Plot for its Products'.

For further expansion of the Manufacturing Units, Heranba acquired additional Industrial Plot No-T-108 +109 admeasuring 57,248.29 Sq. mt at Saykha Industrial Estate.

Commenting on the development, Mr. R K Shetty, Managing Director, Heranba said, "We are pleased to announce that we have acquired an additional land parcel in Saykha, this is in line with our expansion plan to cater to the growing global market.

Shares of Heranba Industries Limited was last trading in BSE at Rs. 646.05 as compared to the previous close of Rs. 644.55. The total number of shares traded during the day was 5357 in over 806 trades.

The stock hit an intraday high of Rs. 654.95 and intraday low of 635.20. The net turnover during the day was Rs. 3473942.00.

Source : Equity Bulls

Keywords

HeranbaIndustries INE694N01015 Acquisition IndustrialPlot Expansion