Autoline Industrial Parks Limited, a subsidiary of auto components maker Autoline Industries Limited, has executed a term sheet with Smart Value Homes Limited, a wholly owned subsidiary of Tata Housing Development Company Ltd to explore the possibility of development of Special Township on its land located at Chakan (Pune).

Autoline Industries Limited and Sharjah Cement & Industrial Development Co. Sharjah, have signed the Term Sheet in their capacity as majority Shareholders of Autoline Industrial Parks Limited, the company has said in a filing to the BSE.

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