Integra Essentia acquires industrial land to establish manufacturing facility in Haryana

5 Dec 2022 , 09:34 AM

Integra Essentia Limited has identified and acquired 7.66 Acres of Industrial Land in Haryana’s strategically located Hissar district as a measure of backward integration, in line with its pre-defined long-term objectives of having its own manufacturing/food-processing unit.

The industrial land will cost approximately Rs 24.5 crore, which will be paid in stages and will be largely funded by internal accruals and financial assistance from the promoters.

The company carefully selected the location of this land with the goal of expanding operations in the core business segments of Agro Products and Infrastructural Sectors because it is close to the fast-growing consumption centres of north India.

It not only has ample availability of resources such as raw materials, manpower, and infrastructure required for large-scale operations but also provides a readily available market for the company’s products.

Integra Essentia is also looking into expanding its business through acquisitions of operational facilities, and is in the process of studying, comparing, and finalising the acquisition of processing facilities as part of its long-term strategy to broaden its business interests in life-essential products, with a particular focus on the strong Agro Products Markets in India and around the world.

At around 9.38 AM, Integra Essentia was trading 4.97% lower at Rs8.60, against the previous close of Rs9.05 on NSE.

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