Lords Chloro Alkali Limited has terminated its lease agreement with Varahalakshmi Infrastructure Private Limited (VIPL) for a 10.4-acre property in Rewari, Haryana.

The decision was due to failure in obtaining change of land use approval, inability to apply for industrial approvals, and unsuitable water quality for Chlorinated Paraffin Wax operations.

The lease was for 9 years at a monthly rent of Rs. 3, 00,000. This setback may delay the company's expansion plans in the CPW sector.

The termination of this lease agreement represents a setback for Lords Chloro Alkali's expansion plans in the CPW sector.

The company will likely need to seek alternative locations for its planned manufacturing unit, potentially causing delays in its strategic growth initiatives.