Pudumjee Pulp & Paper Mills has informed that the Company has entered in to a Memorandum of Understanding (MoU) with G Corp Group for the joint development of the land admeasuring about 9 acres at Village Ranjoli, District Thane, through a Special Purpose Vehicle, offering a potential saleable of about 12,00,000 sq. ft. (residential and commercial) subject to the requisite approvals and fulfillment of certain conditions. The aforesaid development is in addition to ongoing projects undertaken by the Company.
The above information is a part of company’s filings submitted to BSE.