Alphalogic Techsys completes land acquisition for Ethanol project; Stock zooms 6.6%

21 Apr 2022 , 12:23 PM

Alphalogic Techsys Limited had earlier announced regarding allotment and possession of land to the company viz. plot no. D-7 admeasuring 69,368 sq. m of area in (Tadali) Chandrapur Growth Centre for setting up of Industrial unit for manufacturing of 150 KLPD Ethanol Product, DDGS and other allied products.

The company has executed agreement to lease with MIDC (Maharashtra Industrial Development Corporation), Chandrapur (Tadali) Growth Centre, Dist. Chandrapur and the same is registered with Inspector general of Registration, Chandrapur.

Consequent to execution of lease agreement, land acquisition at the aforesaid plot at Chandrapur has been completed, said company in a regulatory filing.

At around 12:26 PM, Alphalogic Techsys was trading at Rs36.90 per piece higher by 6.65% on the BSE.