Alfred Herbert India has received a gross compensation of Rs 20.91 crore pursuant to the acquisition of part of company’s land by the Karnataka Industrial Area Development Board (KIADB). The acquisition has been completed and gross compensation of Rs 20.91 crore subject to tax has been received by the company.
Alfred Herbert India manufactures and trades in industrial machineries and spares. Besides this, it is also present in realty and business service segments.