Sambandam Spinning Mills has disposed left out balance of its non-core asset -unusable and non productive vacant land situated at Udumalpet district, TamilNadu. Unusable vacant land with zero productive value (land measuring 3.70 acres). The total consideration received was Rs 7.37 lakh. The land was purchased long ago for windmill power project, but it is not used for such project and it became vacant unusable land, a non-core asset with nil revenue generation.
Sambandam Spinning Mills is engaged in operating five mills. The company also operates wind energy converters located in the state of Tamil Nadu.
