Magnum Ventures Ltd. News and Updates

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Magnum Ventures Ltd.

15 Mar 2018

25.74

3.46%

Odisha to cancel land allotment of defaulting exporters at seafood park

Business Standard

Odisha government has decided to cancel the land allotments made to sea food exporters for setting up there units at the proposed seafood park on the outskirts of Bhubaneswar for non payment of land lease amount." Chief secretary has given his nod to cancel the allotments made to 18 sea food exporters for non payment of dues. Only allotments made to Falcon, Magnum and B -One will not be cancelled as they have reportedly deposited their dues. We will take a decision soon on cancelling the allotments", said an official source.Spread over 152 acres of land, the project has been approved under the Mega Food Park Scheme of the Union Ministry of Food Processing Industries and will comprise of 41 processing units. The project will provide plug and play infrastructure and access to common devices like cold storage, pre-processing and post-processing facilities, ice plant, packaging, polythene unit and a research & development facility.The seafood park is being developed by the Odisha...

Magnum Ventures Ltd. is trading below all available SMAs

Magnum Ventures Ltd.

26 Dec 2017

25.74

3.46%

German firm Magnum Pirex to set up e-vehicles unit

Business Line

Intends to invest up to 200 crore in the proposed plant

Magnum Ventures Ltd. has lost -46.27% in the last 6 Months

Magnum Ventures Ltd.

29 Aug 2017

25.74

3.46%

Odisha seafood park gets Rs 466 cr investment proposals

Business Standard

The seafood park being developed by Odisha at Deras on the city's outskirts has bagged investment proposals worth Rs 466 crore from 20 companies. Among the major companies which have already committed investments for setting up units at the seafood park are Falcon Marine Exports Ltd, Magnum Seafoods Ltd, Utkal Exports and Vizag-based Coastal Corporation Ltd. Falcon Marine Exports will set up the largest sea food processing unit with a capacity of 37000 tonnes per annum (tpa) of sea food and provide 4060 employment opportunities. Sanjeev Chopra, principal secretary, industries (Odisha) said, "The state government has received very encouraging response in terms of investments for the seafood park. This will increase employment in the state as well as create an ideal ecosystem for the seafood industry to flourish in Odisha. We are confident that the state-of-the-art facility at the park will attract companies across the country."The seafood park is being developed by the Odisha...

Magnum Ventures Ltd. has lost -46.09% in the last 1 Year

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Magnum Ventures Ltd. News and Updates

Keep track of all breaking news on Magnum Ventures Ltd. from all sources in a single place.