Patels Airtemp gets nod to set up Greenfield project in Gujarat

29 Nov 2019 Evaluate

Patels Airtemp (India) has received an approval for set up of a new Greenfield project at Dudhai Village, District Mehsana in Gujarat. The Board of Directors of the company at its meeting held on November 28, 2019, has approved the same.

For this purpose, the company is in the process of acquiring lands ad-measuring approximately 51,000 sq. yds. in Gujarat. The company will be constructing in a phased manner industrial sheds at the said location primarily with a view to create additional infrastructure required for the purpose of taking care of a part of the production process. In the first phase, the company plans to construct sheds ad-measuring around 10,000 sq. yds. The new Greenfield project is expected to come in production in a phased manner by July, 2020.

Patels Airtemp (India) is an India-based company. The Company is engaged in the manufacture and sale of Heat Exchangers, such as Shell & Tube type, Finned tube type and Air cooled Heat Exchangers, Pressure Vessels, Air-conditioning and Refrigeration Equipments and Turnkey heating, ventilation, and air conditioning (HVAC) Projects in India & marketing of equipments even outside India.

Patels Airtemp (I) Share Price

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