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Indo Tech Transformers sells 2.85 acres land in Kerala for Rs 5.60 crore

18 Mar 2016

Indo Tech Transformers has sold its unused land parcel situated at VII/222 Koyamarakaad, NH 47.Kanjhikode, Pallakad in the state of Kerala. The said land measuring 2.85 acres which was held for sale since 2012, has been sold for a consideration of Rs 5.60 crore (net book value Rs 77.47 lakh) and registration of the sale was completed on March 17, 2016.

Indo Tech Transformers is engaged in the business of manufacturing power and distribution transformers, and various special application transformers, mobile sub-station transformers and sub-stations.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323