Noida, Oct. 11 -- Raphe mPhibr, a leading Indian drone manufacturer, has acquired 11.5 acres of land from Parag Dairy in Sector 81, Noida, to expand its defence and aerospace manufacturing unit.

The company, which currently operates on a four-acre plot, aims to significantly boost its production capacity through this expansion.

The land transaction, worth around Rs 101 crore, received cabinet approval in July. The Noida Authority is transferring the land without any transfer fee.

As part of the deal, Raphe will finance the relocation of Parag Dairy and construct a new dairy plant on a 10-acre plot in Sector 32 along the Yamuna Expressway. The new facility will have a processing capacity of 400,000 litres per day.

Under the agreement t...