Ultramarine & Pigments Ltd. announced the acquisition of 32.72 acres of industrial land at the SIPCOT Industrial Park in Manapparai, Tiruchirappalli, Tamil Nadu. This strategic acquisition is aimed at supporting the company’s future expansion plans and the development of new projects.
The company has finalized the necessary payments to the State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) and has entered into a 99-year lease agreement for the land on December 12, 2024. This move underscores Ugarine & Pigments’ commitment to growth and leveraging opportunities in Tamil Nadu’s industrial ecosystem.
Further details about the planned projects or timeline for development are awaited. The acquisition highlights the company’s focus on scaling its operations to meet growing demand.
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