Mukand has executed an agreement for the sale of land parcels admeasuring around 17.77 acres together with 50% undivided right, title and interest in the access road admeasuring around 2.73 acres and for the grant of a perpetual non-exclusive right of way over a land parcel admeasuring 0.16 acres or thereabouts situated at Kalwe and Dighe, in the district of Thane. The company will receive total sales consideration of around Rs 673 crore, of which it has received Rs 110 crore in advance from the purchaser.
Mukand is a multi-division, multi-product conglomerate involved in the manufacture of specialty steel long products and heavy machinery.
