Gaurs Group to develop new manufacturing plant in Noida
Real estate firm Gaurs Group has signed a Memorandum of Understanding (MoU) with Finnish firm Elematic Oyj's Indian arm, Elematic India. This MoU is for the development of a precast concrete manufacturing facility in Noida.
Gaurs Group is planning to invest around Rs 100 crore in the first phase of the plant. The proposed plant will manufacture precast slabs, beams, columns, and walls for large residential developments. Further, the Gaurs Group placed an advance order with Jindal Elematic, Alwar, for 45,000 modular bathroom units and 10,000 kitchen pods for ongoing projects.
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