Avalon Technologies secures 99-year lease for new industrial unit in Tamil Nadu
1 report, 1 independent
Updated Thu 00:00
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What happened
Avalon Technologies Limited executed a long-term Lease Deed with the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) on October 8, 2026. The agreement grants Avalon Technologies 25.08 acres of land in Oragadam, Tamil Nadu, for the purpose of establishing a new industrial manufacturing unit. The lease tenure is set for ninety-nine years and does not confer special commercial or governance rights to Avalon Technologies.
From equitybulls.com
Why it matters
The lease facilitates the acquisition of land for Avalon Technologies to expand its manufacturing footprint. This move is a significant step toward establishing a new industrial unit in the region.
From equitybulls.com