International Business News: Investment management firm Lingotto has acquired an additional 16.5% stake in TVS Industrial and Logistics Parks, bringing its total stake to 21%. TVS
TVS Industrial and Logistics Parks (TVS ILP) is constructing a warehouse in Chennai to support the solar manufacturing facility of First Solar. The new warehouse, covering an area of 5.70 lakh sq ft, will supply raw materials and inventory to First Solar s facility. The facility is strategically located to reduce time, inventory, and space utilization costs within the First Solar factory. The construction is expected to be completed by Q1 2024 and will create 200 jobs.
TVS Logistics Warehouse Chennai: According to the company, the foray into the renewable energy sector is a testament to its versatility and dedication to serving clients from diverse industries.