MoneyWorks4Me

Alok Industries’ arm receives Rs 138.64 crore from sale of Mumbai property

17 Oct 2012 Evaluate

Alok Industries’ wholly owned subsidiary company Alok Realtors  has contracted to sale 14 1/2 floors at Tower B building, Peninsula Business Park, Lower Parel, Mumbai - 400 013 .

Out of the above, agreements for sale in respect of two floors have been completed and full consideration has been received against these two floors. The company has received a total amount of Rs 138.64 crore till date.

Alok has evolved from a small trading business into India’s largest integrated textiles player. It is present across the textile value chain - from yarn manufacturing to garmenting. Alok’s production facilities are in Silvassa, Vapi and Navi Mumbai. The company also has a presence in the domestic retail segment and in real estate through a wholly-owned subsidiary.

Alok Industries Share Price

11.27 -0.03 (-0.27%)
26-Aug-2026 16:59 View Price Chart
Peers
Company Name CMP
Welspun Living 190.45
Vardhman Textiles 602.85
Arvind 544.15
K.P.R. Mill 1136.10
Raymond Lifestyle 709.70
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: