SRF to Invest ₹2.82 Billion For Land Sub-Lease in Odisha SEZ

SRF Ltd. said it has signed an MoU with Tata Steel Special Economic Zone Ltd. to sub-lease land at Gopalpur in Odisha’s Ganjam district for ₹2.82 billion. The land will be used for projects under its chemical business. 

The MoU allows SRF to conduct due diligence, and after meeting payment obligations, the company will enter into a sub-lease agreement within a set timeframe, according to its exchange filing.