The Indian Wood Products Company has entered into a Memorandum of Understanding (MoU) with Commercial Motors, a Registered Partnership firm, having place of business at Rampur Road, Bareilly (hereinafter referred to as Developer), to explore the possibilities of real estate development at the Company unused idle land at the Company’s plant at Izzatnagar Bareilly, Uttar Pradesh, admeasuring 83,612 Sq Mtrs.
This MoU is valid for six months within which the Developer shall to submit a proposal/feasibility report for the development of the project. The company has not executed any development agreement nor given any right over the company’s land to the developer.
The company is mainly into the business of production, processing and marketing of high quality Katha (Catechu) and Cutch.
| Company Name | CMP |
|---|---|
| ITC | 306.00 |
| Godfrey Phillips | 2395.65 |
| VST Industries | 260.30 |
| The Indian Wood Pro. | 35.48 |
| NTC Industries | 162.20 |
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