SVC Industries Ltd
22 February 2025 13:33|BSE : 524488|NSE : ATVPETRO|ISIN : INE038B01010
22 February 2025 13:33|BSE : 524488
NSE : ATVPETRO|ISIN : INE038B01010
SVC Industries in India on August 29, 1989. It had set up a PTA plant at village Chhata in district Mathura in the State of UP. The plant, after successful trial run, was put under shut down since September 2000 due to various reasons beyond control of the Company. Company abandoned its PTA project in 2018 and is utilizing its infrastructure for some new industry as advised by international consultants EY. The company with other partners has set up a new special purpose vehicle (SPV) in the name of Nandavan Mega Food Park Private Limited for setting up a Mega Food Park. The Company in FY 2018-2019 has granted 76 years long term lease for 57.42 acres of its land to this new SPV in compliance with the Government Scheme to start Mega Food Park business under approval from Ministry of Food Processing Industry(MOFPI) of Government of India on 11th April'2018 and now kept in abeyance due to pending application for approval with Ministry Of Food Processing Industries (MoFPI).
SVC Industries in India on August 29, 1989. It had set up a PTA plant at village Chhata in district Mathura in the State of UP. The plant, after successful trial run, was put under shut down since September 2000 due to various reasons beyond control of the Company. Company abandoned its PTA project in 2018 and is utilizing its infrastructure for some new industry as advised by international consultants EY. The company with other partners has set up a new special purpose vehicle (SPV) in the name of Nandavan Mega Food Park Private Limited for setting up a Mega Food Park. The Company in FY 2018-2019 has granted 76 years long term lease for 57.42 acres of its land to this new SPV in compliance with the Government Scheme to start Mega Food Park business under approval from Ministry of Food Processing Industry(MOFPI) of Government of India on 11th April'2018 and now kept in abeyance due to pending application for approval with Ministry Of Food Processing Industries (MoFPI).
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