Pavna Industries Limited has entered into a Memorandum of Understanding with the Government of Uttar Pradesh on November 24, 2025. The company plans to invest ₹250 crore in a new project in the state over the next 3 to 5 years and create approximately 500 new jobs.
The Government of Uttar Pradesh will facilitate the necessary approvals, permissions and incentives under various state and central schemes.
According to the company’s filing, Pavna Industries intends to deploy ₹250 crore to set up a major project in Uttar Pradesh. The investment will be executed in phases, accompanied by large-scale employment generation. The government will support the company in securing registrations, clearances and other regulatory permissions required under state rules.
The agreement between Pavna Industries and the Government of Uttar Pradesh includes facilitation support from the state for project implementation. This includes helping the company obtain approvals and access incentives available under several industrial promotion schemes.
The company confirmed that there is no shareholding involved, and the MoU does not fall under related party transactions. No special rights such as board nominations or capital structure restrictions are part of the agreement.
The company aims to hire about 500 employees as part of its expansion under the MoU. Pavna Industries, a key automotive components manufacturer, is expected to strengthen its production capabilities and contribute to the state's industrial growth through this investment.
Read More: Tamil Nadu Signs MoU with ANSR to Strengthen Global Capability Centre Ecosystem!
As of November 24, 2025, at 3:30 PM, Pavna Industries share price closed at ₹30.80 down by 1.66% from the previous closing price.
The signing of the MoU marks a significant step for Pavna Industries as it prepares for long-term expansion in Uttar Pradesh. This development aligns with the company’s growth ambitions while supporting the state’s industrial and employment objectives.
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Published on: Nov 24, 2025, 4:24 PM IST
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