Avigna Industrial & Logistics Park said it has launched a 4 million sq. ft warehousing facility in Hoskote, Karnataka, and will invest approx Rs 500 crore to Rs 600 crore.

Avigna plans to hand over the first million sq. ft at the Hoskote Industrial Park in 2022-23. The company recently leased out its first 1 million sq. ft space of industrial warehouse at Hosur Park in Tamil Nadu to Whirlpool, Wakefit and Stellar Value Chain.

• KP Energy Shares Locked at 5% Upper Circuit On Securing New Order and Release of Financials
• RIL Becomes First Indian Company To Cross Rs 100,000 crore Threshold Pre-tax Profits, Shares Traded Flat
• Shish Industries Shares Skyrocketed 20% on Receiving Order Worth Rs 312 Crore
• Hatsun Agro Shares Gained 14% on Robust Q4FY24 Business and Financial Updates
• Tata Power and Juniper Green Sign a PPA for 85 MW Hybrid Project

“We are delighted to announce that the construction of the industrial warehouse has begun after the laying of the foundation stone at Hoskote, Karnataka. Such a development will fill a gap in the demand for modern, state-of-the-art warehousing and logistics facilities in India for which we are already in discussion with multiple clients,” said Abhijit Verma, executive director and chief executive officer Avigna Group.

The project is a part of Avigna’s Rs 2,000 crore expansion plan to have a footprint of 10 million sq. ft warehouse space over the next three years.