Hindustan Everest Tools has received an approval to sell entire 23.56 acres of land of sole manufacturing plant at Village Jatheri, Sonepat in Haryana. The board of directors at its meeting held on June 9, 2017 has approved for the same.
The net consideration is Rs 53.11 crore and the deal is likely to be completed by the end of financial year 2017-18. This is not a slump sale and the company has sold its Brand ‘Everest’ separately and for better realization each of the plant/equipments/machinery / other assets of the plant are being sold individually.
The entire turnover of the company was solely generated from said unit/plant. The turnover during last financial year was around Rs 7.08 crore and that there was no contribution towards net worth.
Company Name | CMP |
---|---|
BHEL | 253.90 |
Bharat Electronics | 233.30 |
Thermax | 4802.55 |
Kirloskar Oil Eng | 887.20 |
Praj Industries | 508.75 |
View more.. |