JSW Green Mobility gets 636-acre land to set up manufacturing plant 
Corporate Watch

JSW Green Mobility gets 636-acre land to set up manufacturing plant

JSW Green Mobility has been allotted 636 acres of land in the Bidkin node of AURIC city and the plant will go into production in the next 12 to 18 months

PTI

New Delhi: Vehicle manufacturer JSW Green Mobility has been allotted 636 acres of land in the Bidkin node of AURIC city and the plant will go into production in the next 12 to 18 months, an official said.

After allotting 827 acres of land to Toyota Kirloskar Motors Private Limited, the administration has issued land to another vehicle production company in the Bidkin node of AURIC (Aurangabad Industrial City).

PSU Watch is now on Whatsapp Channels. Click here to join

The administration has issued 636 acres of land to JSW Green Mobility company in the Bikdin node. The land allotment certificate was issued online by the Maharashtra Industrial Township Limited (MITL) on Thursday, an official said.

The company will establish an electric car manufacturing unit on 546 acres of the allotted land. Apart from this, the company will also produce commercial vehicles in the area of 90 acres. The company will invest Rs 27,200 crore here, which will create 5,000 direct and 15,000 indirect jobs, a release said on Thursday.

The company will commence its work soon and will go into production in the next 12 to 18 months, an MITL official told PTI.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Markets rebound in early trade after four days of decline

GAIL signs LNG SPA with Vitol Asia Pte. Ltd. for supply of 1 MMTPA LNG

Om Prakash Sinha appointed as Director (Exploration) of ONGC

RVNL secures Rs 447 crore viaduct & station construction contract from Delhi Metro

India, New Zealand begin 2nd round of talks for proposed trade pact