Lesha Industries Ltd to develop industrial park

The Board of Directors of Lesha Industries Ltd in its meeting held on today i.e. Monday, August 1, 2022 at the Registered Office of the Company, considered and approved the proposal of entering into infrastructure development activities by developing the Industrial Land of the Company situated at Kerala GIDC, Ahmedabad into an Industrial Park, subject to the requisite approval of Gujarat Industrial Development Corporation (GIDC) and such other statutory/ regulatory authority, as and when may be required.

The Developed Industrial Land of the Company situated at Kerala GIDC, Ahmedabad is admeasuring around 32,000 Sq. Yds. The vision of the Company is to develop the said Industrial Land into an Industrial Park in a sustainable and innovative manner, so as to facilitate the development of small industries. The primary aim of the Company is to follow a holistic approach which would enable the growth of the business and communities as well. Further, this initiative will also help the Company in taking the first step in its foray into the sector of infrastructure & land development activities. Also, it is expected that this judicious decision made by the management will prove to be pivotal in realizing yield of around Rs. 40-50 Crores in forthcoming 2-3 years.

Shares of LESHA INDUSTRIES LTD. was last trading in BSE at Rs. 11.74 as compared to the previous close of Rs. 11.62. The total number of shares traded during the day was 2894200 in over 4739 trades.

The stock hit an intraday high of Rs. 12.20 and intraday low of 11.04. The net turnover during the day was Rs. 32691887.00.

Source : Equity Bulls

Keywords

LESHAINDUSTRIES INE050L01048 IndustrialLand Development IndustrialPark KeralaGIDC Ahmedabad