L.G. Balakrishnan & Bros. signs investment MOU with Tamil Nadu government

L.G. Balakrishnan & Bros. Limited (LGB) informed stock exchanges on November 26, 2025, that it has signed a non-binding Memorandum of Understanding (MOU) with the Government of Tamil Nadu (GoTN) through its nodal agency "Guidance."

The MOU outlines that "Guidance" will provide essential support and facilitation, including infrastructural and regulatory assistance, in accordance with applicable laws. This agreement is expected to aid LGB in securing necessary permissions, regulations, approvals, allotments, clearances, and incentives from the state government.

The company emphasized that this MOU reinforces its commitment to invest in the State of Tamil Nadu. The announcement was signed by M. Lakshmi Kanth Joshi, senior general manager (legal) and company secretary.