Gulf Oil Corp to develop IT park
Gulf Oil Corporation shares soar over 4 per cent on receiving approval from the Karnataka Udyog Mitra to build an IT park on its 40 acres plot at Yellahanka.
By INDIATIMES NEWS NETWORK |
MUMBAI: Gulf Oil Corporation shares soar over 4 per cent on receiving approval from the Karnataka Udyog Mitra to build an IT park on its 40 acres plot at Yellahanka. The park will also provide hotel and service apartments, retail, multiplexes and other facilities.
The approved master plan is for a total area of 5 million square feet. The facility is situated on the Bangalore-Hyderabad highway.
The company has also announced the development of a knowledge city at Hyderabad spread over 100 acres. This plan has been conceptualised and necessary approvals have been sought from the government of Andhra Pradesh.
At 11:09 am, Gulf Oil shares were up 4.5 per cent at Rs 319.25 on BSE.
The approved master plan is for a total area of 5 million square feet. The facility is situated on the Bangalore-Hyderabad highway.
The company has also announced the development of a knowledge city at Hyderabad spread over 100 acres. This plan has been conceptualised and necessary approvals have been sought from the government of Andhra Pradesh.
At 11:09 am, Gulf Oil shares were up 4.5 per cent at Rs 319.25 on BSE.
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