Heranba Industries acquires Industrial Shed measuring 2702 sq. mt. adjacent to Manufacturing Unit II of the Company

Heranba Industries Limited ("Heranba") has acquired Industrial Shed No-A/2211 measuring 2702 sq. mt. adjacent to Manufacturing Unit II of the Company is located at Plot No. A-2/2214, A2/2215, III Phase GIDC, Vapi, Taluka - Pardi, District - Valsad, Gujarat.

Heranba has a Manufacturing Unit-II at Vapi. It was seeking to acquire additional assets adjacent to this Unit-II to enhance its production capacity as well as upgrade its environmental pollution control facilities. The Company announced today that it has acquired the Industrial Shed, which is adjacent to this Unit II of the Company.

Commenting on this development, Mr. R K Shetty, Managing Director, Heranba, said, "This acquisition will enable the Company to enhance Production Capacity as well as upgrade the Environmental Pollution Control Facilities of Unit II. We will renovate and merge this Industrial Shed with Unit II. He further said that necessary applications will be filed with the relevant authorities for obtaining their approval for the purposes described above."

Source : Equity Bulls

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