This page tells you how much Dholera land the company holds, how much of it has gone to industry, and how much of it can ever be sold. DICDL had 1,519 acres of industrial land ready to hand out as at 2025-03-31, and had already handed out 530 acres in total, up from 522 acres a year earlier. Allotment is the word the reports use for giving a company the right to use a plot.
Neither annual report says how many acres any single company took, or what any of them paid for it. That absence is printed here rather than filled with a guess.
AR 2024-25 p.20. OFFICIAL
AR 2024-25 p.20. OFFICIAL
AR 2024-25 p.20. OFFICIAL
Declared gap, both reports
How much land there is, and how much has gone
Dholera land area and allotment position as stated by DICDL. Source: DICDL audited annual reports FY2024-25 and FY2023-24
| No.Item | Measure | Valueas printed | Unit | Financial year | Source page |
|---|---|---|---|---|---|
| Area, as stated in the reports | |||||
| 01 | DSIR total planned area | 920.00 | sq km | FY2024-25 | AR_FY2023-24 p.19, dicdl_ar25 p.20 |
| 02 | DSIR developable area | 422.00 | sq km | FY2024-25 | dicdl_ar25 p.3 |
| 03 | Activation Area | 22.50 | sq km | FY2024-25 | AR_FY2023-24 p.19, dicdl_ar25 p.20 |
| 04 | Land transferred by DSIRDA as matching equity | 48.31 | sq km | FY2024-25 | AR_FY2023-24 p.19, dicdl_ar25 p.20 |
| 05 | Activation Area under company ownership | 1,167.87 | hectare | FY2024-25 | dicdl_ar25 p.71 |
| 06 | DSIRDA equity contribution, land area | 4,830.83 | hectare | FY2024-25 | dicdl_ar25 p.71 |
| Industrial land, allotment position | |||||
| 07 | Industrial land available for allotment | 1,519 | acre | FY2024-25 | dicdl_ar25 p.20 |
| 08 | Industrial land available for allotment | 1,519 | acre | FY2023-24 | AR_FY2023-24 p.19 |
| 09 | Industrial land allotted, cumulative | 530 | acre | FY2024-25 | dicdl_ar25 p.20 |
| 10 | Industrial land allotted, cumulative | 522 | acre | FY2023-24 | AR_FY2023-24 p.19 |
Source: DICDL 9th Annual Report 2024-25 (audited, signed 2025-08-22) page 20 and DICDL 8th Annual Report 2023-24 (audited, signed 2024-09-09) page 19. Units are as printed and are never converted between acres, hectares and square kilometres in the same row. All rows last verified 2026-08-04 against the cited page.
The difference between 522 acres at 2024-03-31 and 530 acres at 2025-03-31 is not presented by either report as a year's allotment, so this site does not present it that way either. Land monetised during a financial year, expressed as an area, is not stated anywhere.
Half of it can never be sold
Every cell is one percent of total land area. Half the land is freely saleable by DICDL and half is reserved for a specified purpose. Percentages as printed in the DICDL annual report for FY2024-25. Unit: percent of total land area. Tag: OFFICIAL. Last verified 2026-08-04.
The companies named in the reports
Named allottees, and what is not said about them
Both reports name a handful of industrial allottees and both say plainly that the list is not exhaustive. Neither attaches an acreage or a price to any name.
Named in the FY2024-25 report
- M/s Tata Semiconductor Manufacturing Private Limited (formerly M/s Semifab Private Limited)
- M/s Renew Photovoltaics Private Limited
- M/s Polycab India Limited
- M/s Inox Air Products Limited
Named in the FY2023-24 report
- M/s Semifab Private Limited
- M/s TATA Chemicals Limited
- M/s Renew Photovoltaics Private Limited
- M/s Polycab India Limited
Two things changed between the two lists. Semifab Private Limited appears in FY2024-25 as Tata Semiconductor Manufacturing Private Limited, a rename the report states directly. TATA Chemicals Limited was named in FY2023-24 and is absent from the FY2024-25 list, with no explanation given. Both lists are stored here against their own year and no inference has been drawn about whether that allotment lapsed. The change is logged on the revision sheet.
One monetary figure attaches to one allottee anywhere in either report: a Gujarat semiconductor policy land allotment subsidy receivable of Rs. 13,646.74 lakh, relating to the allotment made to Semifab Private Limited, disclosed in the FY2023-24 report at page 112. That is a subsidy receivable by DICDL, not a price paid by the allottee.
Sources: DICDL 9th Annual Report 2024-25 (audited, signed 2025-08-22) page 20; DICDL 8th Annual Report 2023-24 (audited, signed 2024-09-09) pages 19 and 112. Tag: OFFICIAL.
Where a land sale shows up in the accounts
Upfront lease premium is the line to watch
DICDL recognises land monetisation as upfront lease premium inside revenue from operations. That line was Rs. 36,145.95 lakh in FY2023-24 and Rs. 6,159.43 lakh in FY2024-25, which is why the headline revenue figure fell so sharply between the two years while the company moved from a loss to a profit. A reader who takes revenue from operations as a measure of activity at Dholera will get the direction of travel wrong.
Land also sits on the balance sheet as inventory rather than as fixed assets, because DICDL develops and sells it. Inventories stood at Rs. 4,61,766.68 lakh as at 2025-03-31 against total assets of Rs. 6,57,299.35 lakh. The breakdown of that inventory, including land development cost for roads and services, is on the full ledger.
Sources: DICDL 9th Annual Report 2024-25 (audited, signed 2025-08-22) page 68 and page 92 for revenue lines, page 67 for the balance sheet; DICDL 8th Annual Report 2023-24 (audited, signed 2024-09-09) page 64. Unit: INR lakh. Tag: OFFICIAL. Last verified 2026-08-04.