Integra Essentia Ltd acquires land for new facility in Haryana

Integra Essentia Limited as a measure of backward integration, in line with its pre-defined long-term objectives of having its own manufacturing / food-processing unit has identified and acquiring 7.66 Acres Industrial Land in strategically located Hissar district of Haryana. The Industrial land shall cost approx. Rs. 245 million, to be paid in phased manner, and to be funded substantially by internal accruals and promoters' financial assistance.

The company has carefully selected the location of this land considering the objectives of expanding the operations in the core business segments of Agro Products and Infrastructural Sectors as it is situated close to the fast-growing consumption centres of north India and not only have ample availability of resources be it raw-materials, man-power, infrastructure needed for large scale operations but also provides readily available market for the company's products.

Source : Equity Bulls

Keywords

IntegraEssentia BackwardIntegration LandAcquisition Hissar Haryana