Ethereal Exploration Guild Private Limited has entered into an agreement with the Andhra Pradesh Industrial Infrastructure Corporation Limited for an industrial land parcel admeasuring 142.3 acres, situated in Routhsuramala Village, Tirupati District, Andhra Pradesh.

Shardul Amarchand Mangaldas & Co advised Ethereal Exploration Guild on this land acquisition deal. The Firm was involved in the review of revenue documents, and the negotiation and finalisation of the agreement for sale with APIIC. The Firm also advised Ethereal in relation to various other aspects of the transaction.

The transaction team consisted of Mrinal Kumar (Partner), Arnav Sahni (Partner), and Aman Gupta (Senior Associate).

Ethereal intends to utilise the land to establish a large-scale, integrated manufacturing and testing facility for rocket engines and launch vehicles, with a proposed investment of approximately ₹578.39 crore.

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.