Agarwal Industrial Corporation gets nod to acquire 100% stake in Konkan Storage Systems (Karwar)
The Board of Directors of the company at its meeting held on July 08, 2025, has inter alia considered and approved the same
Agarwal Industrial Corporation has received approval for the acquisition of 100% equity shares of Konkan Storage Systems (Karwar), a company engaged in business of port-based industrial and infrastructure activities, including setting up warehouses for solid, liquid, and heated cargo, and to store and handle all types of liquid cargo for a total consideration of Rs 22 crore subject to the execution of definitive agreements and completion of closing conditions.
The Board of Directors of the company at its meeting held on July 08, 2025, has inter alia considered and approved the same.
Agarwal Industrial Corporation is principally engaged in the business activities of manufacturing and trading of Petrochemicals (Bitumen and Bituminous Products), Logistics of Bitumen and Liquefied Petroleum Gas (LPG) and energy generation through Wind Mills.
