#ZBizExclusive: Market Guru Anil Singhvi says BIG NEWS for CCL Products - Government issues notification on land acquisition approval for SEZ in Andhra Pradesh

Zee Business Managing Editor and renowned Market Gurus Anil Singhvi said that there is a big news for CCL Products today. He said that this is Zee Business Exclusive news where government has issued notification of Land acquisition approval to CCL Products for agro based food processing SEZ in Andhra Pradesh. He said that this decision has been approved by the Commerce Ministry.

Singhvi said that expansion required for food processing will benefit CCL Products as they will be able to expand their facilities and can see good growth in coming years from here on.

See Zee Business Live TV Streaming Below:

Chetan Bhutani, Political & Business Journalist at Zee Business said that Ministry of Commerce, Department for promotion of Industry and Internal Trade notified that CCL Products can use extra 2 hectare of land for agro based food processing SEZ in Andhra Pradesh.

#ZBizExclusive | CCL प्रोडक्ट्स के लिए बड़ी खबर-
आंध्र प्रदेश में SEZ के लिए जमीन अधिग्रहण की मंजूरी... सरकार ने जारी किया नोटिफिकेशन

विस्तार से जानिए क्या है पूरी खबर#FirstOnZee @AnilSinghvi_ @BhutaniChetan pic.twitter.com/a1N59b9kIl

— Zee Business (@ZeeBusiness) May 26, 2021

Chetan said that CCL Products will deliver strong numbers as the company will use this additional facility for manufacturing and processing. Of food items. He said that many such decisions will be taken going forward by the Government of India as they are focused on Ease of Doing Business.

Chetan said that the extra land given is a positive development and shows government intension and focus on easy of doing business.

Sumeet Bagadia, Executive Director of Choice Broking says that CCL Products is showing good momentum on the upside. He said the stock has been on a roll since past few days and from her the stock can see levels of Rs 365 – Rs 370.