Escorts Kubota Secures 154 Acres in YEIDA for New Manufacturing Plant
New Delhi, March 24: Farm and construction equipment manufacturer Escorts Kubota on Tuesday announced that it has been allotted a 154-acre land parcel by the Yamuna Expressway Industrial Development Authority (YEIDA) to establish a new manufacturing facility.Greenfield Project Planned in Sector-10
According to a regulatory filing, the allocated land is situated in Sector-10 of the YEIDA Industrial Area. The proposed facility will be developed as a greenfield project, aimed at expanding the company’s production capacity.The company stated that the new plant is part of its broader strategy to strengthen manufacturing capabilities, though specific operational timelines or investment details were not disclosed.
No Financial Details Shared
Escorts Kubota did not reveal the financial outlay for the project. Further details regarding the scale, product segments, or employment generation were also not provided in the filing.Stock Ends Higher on BSE
Shares of Escorts Kubota closed 1.98 percent higher at Rs 2,928 apiece on the BSE on Tuesday, reflecting a positive market response to the development.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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