KIADB allots land to Chembond Material Technologies Ltd

Karnataka Industrial Areas Development Board (A Government of Karnataka Undertaking) has vide their letter dated July 21, 2025 received by Chembond Material Technologies Limited (formerly Chembond Chemicals Limited) on July 25, 2025 allotted 10-02 acres of land at Kanagala Industrial Area (Sub Layout), Belagavi District, for establishing manufacturing unit on lease-cum-sale basis.

The tentative Cost of the said Plot is Rs. 7,94,26,000/- (Rupees Seven Crore Ninety Four Lakhs Twenty Six Thousand only)

The company will establish a unit for manufacture of Metal Treatment Chemicals, Automotive Sealants, Engineering Adhesives, Industrial & High Performance Coatings, Paint Booth Solutions and Maintenance Repair Overhaul MRO Products and Biosciences.

Shares of Chembond Material Technologies Ltd was last trading in BSE at Rs. 201.10 as compared to the previous close of Rs. 206.55. The total number of shares traded during the day was 2258 in over 107 trades.

The stock hit an intraday high of Rs. 206.50 and intraday low of 200.05. The net turnover during the day was Rs. 455606.00.

Source : Equity Bulls

Keywords

ChembondMaterialTechnologies INE995D01025 KIADB LandAllotment