Best & Crompton to setup IT park in Ambattur

Best & Crompton Engineering Ltd has announced that the Board of Directors of the Company at its meeting held on January 31, 2007, inter alia, has considered and approved the following:

1. As new business initiatives, the Company through special purpose vehicles (SPVs) is setting up:

i. I.T. Park (approximately 2 Million / Sq.ft.) at Ambattur in the existing Industrial Plot.

ii. Garment Manufacturing facility at Arakkonam in the Factory facility recently acquired by the Company.

Source : Equity Bulls

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