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MoneyWorks4Me

In a bid to trim its debt, HDIL is planning to sell its industrial plot in Gujarat. The 113.47-acre land parcel is adjacent to the Ranoli railway station, on the Ahmedabad-Vadodara corridor, and falls under the jurisdiction of Vadodara Urban Development Authority. Besides reducing debt, the on-going strategy of HDIL is to focus on project launches and sales.

Over the last year, the company has reduced its debt by nearly Rs 685 crore to Rs 3,142.4 crore as of December 2014.

HDIL is a real estate development company. Its business activity comprises of construction and development of residential projects, commercial, retail and slum rehabilitation projects. It is also engaged in construction of special economic zone (SEZ).

 

Peers
Company Name CMP
Lodha Developers 1005.00
Prestige EstatesProj 1433.00
Dilip Buildcon 390.30
DLF 670.00
Oberoi Realty 1614.65
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