Pursuant to Regulation 30 of SEBI (LODR) Regulations, 2015, Pondy Oxides & Chemicals has informed that the Company has successfully completed the acquisition of an aggregate Industrial land parcel of 122.65 acres as on this date at Mundra, in the State of Gujarat, with a total investment of Rs 41.40 Crores. This acquisition is a significant step in prioritizing strategic expansion plans, focusing on the Make in India initiative and catering to both domestic and international markets. The investment is aimed at establishing and expanding facilities in existing and other related manufacturing verticals. The choice for selecting Mundra for expansion is strategic, given its proximity to the port along with the region's ongoing industrialization and development. This will position us advantageously to serve the Western Region effectively and to further expand export capabilities across the globe.
The above information is a part of company’s filings submitted to BSE.
