After receipt of this significant approval the subsidiary company is confident to commence the project development activities soon.
Shares of Autoline Industries locked at 5 percent upper circuit as company received approval to develop proposed township project in Pune.
There were pending buy orders of 10,071 shares, with no sellers available.
The company's subsidiary Autoline Industrial Parks has received letter of intent from Collector, Pune valid for 2 years for commencing the development activities of the proposed special township project of the subsidiary company spread in its 104 Acre land located at Mahalunge, Chakan, Pune.
The said approval was the prime and vital requirement to proceed further with the project.
After receipt of this significant approval the subsidiary company is confident to commence the project development activities soon.
At 12:04 hrs Autoline Industries was quoting at Rs 81.45, up Rs 3.85, or 4.96 percent on the BSE
Posted by Rakesh Patil