Osel Devices Limited's Subsidiary Bags Co-Developer Status at JNPA SEZ in Navi Mumbai
Osel Devices Limited, through its wholly owned subsidiary, Osel Industrial Park Private Limited, has secured a Letter of Intent (LOI) for Co-Developer status at the Jawaharlal Nehru Port Authority Special Economic Zone (JNPA SEZ) in Navi Mumbai.The agreement designates Osel Industrial Park Private Limited to undertake the development, operation, and maintenance of the Processing Zone within the JNPA SEZ. This strategic development marks a significant step in the company’s infrastructure expansion, allowing for the creation of world-class industrial and logistics facilities within the government-notified SEZ framework.
The key details associated with the Letter of Intent are as follows:
| Aspect | Detail |
|---|---|
| Subsidiary Entity | Osel Industrial Park Pvt. Ltd. (Wholly Owned Subsidiary of Osel Devices Limited) |
| Issuing Authority | JNPA Special Economic Zone, Jawaharlal Nehru Port Authority |
| Location | Plot Nos. 210-211, Sector-2 JNPA SEZ, Navi Mumbai |
| Total Area | 5.01 Acres / 20,288 Sq. Mtrs (2.02 Hectares) |
The scope of the development zone is comprehensive, covering multiple sectors to support diverse industrial growth. The purposes defined under the LOI include:
- Development, Operation & Maintenance of the Processing Zone at JNPA SEZ
- Industrial activities (covering all permissible industrial uses, including Chemical, Flatted Factories, and Service Industry)
- Storage, FTWZ, and Warehousing
- Data Centers, Information Technology, ITES, Biotechnology, and Nanotechnology
- Amenity and Commercial development
Commenting on the achievement, management stated that receiving the LOI from JNPA SEZ is a landmark milestone. The initiative, managed through the Special Purpose Vehicle (SPV), is aimed at developing state-of-the-art infrastructure within one of India's most strategically significant port-based SEZs. The company noted that this effort aligns with its long-term vision of building industrial infrastructure that supports India's manufacturing and export ecosystem.
Osel Devices Limited is positioned as a technology solutions provider, specializing in manufacturing a range of products including LED display systems, the latest hearing aids, and mobile phones.
OSELDEVICE Stock Price Movement
On Monday, Osel Devices Limited shares slipped by 2.10%, settling at ₹601.2. The stock recorded a total traded volume of 14,600 shares during the session.Source:
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