Empire Industries approves development of Phase-1 at Vikhroli property

Empire Industries Ltd has announced that at the meeting of the Board of Directors held on October 30, 2006, the proposal about the construction of a Commercial Building Phase-1 having approximately 1,77,500 sq ft office space in vacant plot of the Company at Vikhroli, for giving the same on leave & license basis to multi-national Companies/Banks at a total cost of Rs 25 crores approx to be financed from the Internal Resources/Term Loans from banks was approved.

Source : Equity Bulls

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