MoneyWorks4Me

Binny gets nod to sell windmill lands for Rs 36 crore

23 Jun 2022 Evaluate

Binny has received approval for the sale of 600 acres of company’s windmill lands located at Perungudi and Veppilangulam villages, Tirunelveli district for a total sale consideration of Rs 36 crore (Rs 6 lakh per acre). The board of directors at their meeting held on June 23, 2022 transacted and approved the same.

Binny is engaged in the business of marketing textiles goods, marketing engineering and other products, shipping related business, operating cold storage at Cochin, travel agency business approved by IATA and TAI, real estate and Container Freight Station.

Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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