Agarwal Industrial Corporation Ltd (AICL) approved acquiring 100% stake in Konkan Storage Systems for ₹22 crore. The acquisition shifts AICL from leased to owned storage assets, improving cost-efficiency. Konkan reported ₹329.76 lakh turnover in FY24. The deal is not a related party transaction and strengthens AICL’s port-based infrastructure and warehousing operations across India.