Mukand has received a part payment of 10% for transfer of its leasehold land admeasuring 2,19,938 sq. mtrs., together with the structures standing thereon, situated at Trans Thane Creek Industrial Area (TTC Industrial Area), Dighe and Navi Mumbai. The lumpsum consideration amount is Rs 679.25 crore plus applicable taxes.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.