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Greaves Cotton sells Chennai land for Rs 80 crore

09 Feb 2012 Evaluate

Greaves Cotton has sold its land situated at Old Mahabalipuram Road (Rajiv Salai) in Chennai, for a consideration of Rs 80 crore. Earlier, the company's petrol engines unit was located at the above land, which was shifted to Gummidipoondi in the year 2008.

Greaves Cotton is one of India's leading and well-diversified engineering companies. It manufactures a wide range of industrial products to meet the requirement of core sectors in India and abroad. The Company's core competencies are in Diesel / Petrol Engines, Gensets, Pumpsets and Construction Equipment.

Peers
Company Name CMP
Cummins India 4828.10
Kirloskar Oil Engine 2243.65
Greaves Cotton 221.00
Swaraj Engines 3522.85
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