Bata board to decide over land in closed Faridabad unit

The company has to shed Rs 21.6 crore as compensation to workers

After shutting down its Faridabad unit last year, which has freed 11 acres of land and other tangible assets, Bata India is mulling over the future of its closed plant. Among other options, the company is also considering an outright sale of the land parcel freed up with the closing of the factory.
 
“We haven’t yet taken a call on the matter; whether to utilise the available space for our own needs, or come up with a new plant or sell it. The board (of directors) will take a call on the issue,” the company’s chairman, Uday Khanna said.