Rock Hard Petrochemical Industries has announced that during the month of July the company have entered into a MOU with Swastik Export, Mumbai, for purchase of jewellery, gems and other precious stones valued at Rs 1920 million. The company has advanced Rs 3.5 million towards the refundable earnest money.
The company has acquired a piece of land, which is rich in Iron Ore. As per agreement dated 16 July 2008 the company has acquired the said land admeasuring 270 Acres at Village Padrewadi & Honewari, in Taluka Aajara, District Kollhapur, in state of Maharashtra. The land is acquired at a cost of Rs 170 million. The company has advanced Rs 1.5 million towards the earnest money. As per the terms the entire payments have to be made within a period of 12 months from date of agreement. As per the companies plan the land admeasuring around 50-70 acres will be used towards the expansion plan for petrochemical business.
The company made this announcement after the trading hours on Friday, 01 August 2008.
The company has acquired a piece of land, which is rich in Iron Ore. As per agreement dated 16 July 2008 the company has acquired the said land admeasuring 270 Acres at Village Padrewadi & Honewari, in Taluka Aajara, District Kollhapur, in state of Maharashtra. The land is acquired at a cost of Rs 170 million. The company has advanced Rs 1.5 million towards the earnest money. As per the terms the entire payments have to be made within a period of 12 months from date of agreement. As per the companies plan the land admeasuring around 50-70 acres will be used towards the expansion plan for petrochemical business.
The company made this announcement after the trading hours on Friday, 01 August 2008.
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