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Konark Synthetic to sell undertaking located at Sarigam Industrial Estate

26 Aug 2019

Konark Synthetic has received an approval to sell, transfer or otherwise dispose of the leasehold rights in its undertaking at Sarigam Industrial Estate, Gujarat Industrial Development Corporation, Sarigam, with underlying land bearing Plot No. 13 to 20 admeasuring approximately 9500 square meter out of 18959 square meter (approximately) and factory buildings standing thereon to Oribit Export (Buyer) for an overall consideration of Rs 13.45 crore and balance land admeasuring approximately 9459 square meter to any prospective buyer, in such manner/arrangements, for consideration as the Board may consider appropriate.

The Board of Directors of the company at its meeting held on August 23, 2019, approved the same.

Konark Synthetic is engaged in air-texturising of synthetic yarns and fancy twisting and hollow spindle, fancy doubling and twisting computerised printing of synthetic and blended yarns. 

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