Mukand has executed a Memorandum of Understanding (MoU) on June 25, 2021 for the sale of Freehold land of the Company admeasuring approximately 47 acres situated at Kalwe and Dighe, in Thane district for a consideration of Rs. 752.11 crore and have received an initial advance of Rs 10 crore. The aforesaid MoU is subject to fulfilment of certain conditions precedent stipulated therein for completion of the sale/assignment of the aforesaid land.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
