Patels Airtemp (India) Limited announced that the Board of Directors of the company at their Meeting held on 28 November, 2019 approved a resolution to setup of a new Green Field Project by the Company, details of which are as under: Details of Project: The company propose to go for a new Greenfield project which is planned to be set up at Village: Dudhai, Taluka: Kadi, Dist. Mehsana, Gujarat. For this purpose, the company is in the process of acquiring lands ad-measuring approx. 51,000 sq. yds. at Village: Dudhai, Taluka: Kadi, Dist. Mehsana, Gujarat. The company will be constructing in a phased manner industrial sheds at the said location primarily with a view to create additional infrastructure required for the purpose of taking care of a part of the production process. In the first phase, the Company plans to construct sheds ad-measuring around 10,000 sq. yds . The new Greenfield project is expected to come in production in a phased manner by July, 2020. The total estimated capitai outlay (cost of project) in the first phase is around INR 191 million. For the said cost of project, the Company proposes to fund the same through internal sources only. Given the nature of the operations, it is not practically feasible to exactly quantify the additional capacity, if any, that will be created because of the new facility.