On Wednesday, ESR India is an industrial and logistics real estate platform said it has added 44 acres to its existing park in Oragadam and will invest another Rs 260 crore for construction and development. ESR India, an industrial and logistics real estate platform, on Wednesday, said it has added 44 acres to its existing park in Oragadam and will invest another Rs 260 crore for construction and development.

The acquisition will help ESR Oragadam Industrial & Logistics Park become an 80-acre park.
Oragadam is a hub for automobile, auto-ancillary, renewable energy, research and development centres, third-party logistics, electronics, aerospace, and defence.

• Ashoka Buildcon Shares Slump 3% Despite Securing Rs 410 Crore Project 
• Zydus Lifesciences Gets USFDA Nod; Stock Trades Flat
• Religare Enterprises Shares Slumped 6% on Demerger Plan 
• Natco Pharma Gets CDSCO Nod; Shares Rally 12.5%
• Lodha Developers Buys Solidrise for Rs 300 Cr; Shares Jump 1.5%

“We are thrilled to expand our operations in Oragadam, which has emerged as a renowned destination for indigenous as well as global companies wanting to expand their operations in India. Infrastructure development backed by state government’s support has boosted industrial activity in this region and increased demand for Grade A facilities making it a favourable destination for expansion and consolidation,” said Abhijit Malkani, CEO & Country Head of ESR India.