JG Chemicals Expands Andhra Pradesh Footprint: Subsidiary Acquires Land for ₹23.4 Million

JG Chemicals Ltd, India's largest zinc oxide producer, has declared that its subsidiary has acquired land in Andhra Pradesh worth ₹23.4 million along with taxes successfully. This strategic acquisition reflects the company's focus on increasing its manufacturing capabilities and strengthening its presence in southern India.

 

Key Highlights:

The shift is in line with JG Chemicals' emphasis on long-term, sustainable value creation and its desire to grab more market share by being in closer proximity to major customers and export centers.

 

Sources: JG Chemicals Annual Report, AUM Capital Research, Anand Rathi IPO Note