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Zuari Industries’ arm enters into binding term sheet with Texmaco Rail & Engineering

08 Apr 2025 Evaluate

Zuari Industries’ wholly-owned subsidiary -- Zuari Infraworld India (Zuari Infra) has entered into Binding Term Sheet with Texmaco Rail & Engineering (Texmaco) a related party of the company to act as Development Manager (DM) to provide development management services for the overall development for mixed use development project at Texamco’s land located at Agarpara Mouza, Barrackpore - 2 Block, 24 Parganas (North), West Bengal.

Projected development management fee for Zuari Infra works out to around Rs 130 crore over a period of 10 years. The binding term sheet will be valid for 6 months or until execution of the Development Management Agreement (DMA), whichever is earlier.

Zuari Industries has been the Group holding company for the Adventz Group of Companies, with forays into fertilizer, heavy engineering, infrastructure, lifestyle and services.

Zuari Industries Share Price

265.15 9.75 (3.82%)
15-Apr-2026 16:59 View Price Chart
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