The Haryana State Industrial and Infrastructure Development Corporation (HSIIDC) has decided to spend Rs 320 crore on development of industrial infrastructure in the current financial year. The corporation has reported a 39% increase in its income and net profit during 2008-2009.
HSIIDC managing director Rajeev Arora told FE after a meeting of the board of directors of the corporation today that the board gave approval to the annual financial statement of the corporation of the last financial year.
The board also approved a contribution of Rs 5 crore to the chief minister’s relief fund. He said HSIIDC had chalked out a detailed plan for acquisition of land and development of industrial infrastructure during the current financial year.
The corporation intends to acquire additional 3,000 acres at a tentative expenditure of Rs 1,250 crore, with acquisition plans at IMT Rohtak (1,900 acres), industrial estate Barhi (650 acres), IMT Manakpur (305 acres) and industrial estate Karnal (234 acres).
Arora said the gross income of the corporation during the year was Rs 147 crore against Rs106 crore the previous year — a growth of 38%. The corporation also registered a net profit of Rs 61 crore against last year’s figure of Rs 44 crore.
He said development works were underway for the first phase of IMT Rohtak over 871 acres and phase-V of Kundli over 607 acres, while those in IMT Faridabad on 1,732 acres, Bawal phase-III on 548 acres, industrial estate Rai on 333 acres and Saha phase-II near Ambala were likely to be awarded shortly.