Nirlon has received an approval to develop Phase 5 of Nirlon Knowledge Park (NKP) at Goregaon (East), Mumbai. The board of directors at its meeting held on January 29, 2016 has approved for the same.

The company has also received approval to avail additional borrowing from HDFC not exceeding Rs 500.00 crore for the proposed Phase 5 development of NKP. Nirlon is engaged in the business of development of an industrial park/information technology (IT) Park.

http://money.livemint.com/news/company/news/nirlon-to-develop-phase-5-of-nkp-in-mumbai-424503.aspx

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