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Lakshmi Machine Works concludes JD agreement with Sobha Developers

19 Dec 2013 Evaluate

Lakshmi Machine Works has concluded a Joint Development (JD) Agreement with Sobha Developers, Bangalore for the design, development and construction of residential apartments at the Company's land situated in Coimbatore. The project is expected to be completed during the financial year 2015-16.

The Director's Report of the Company for the year 2012-13, the Company has initiated the Housing Project in the Company's lands situated in Coimbatore.

Lakshmi Machine Works is engaged in the manufacture of textile machinery, machine tools and foundry products. LMW commands a 60% market share in the domestic textile spinning machinery industry.

LMW Share Price

14357.85 512.40 (3.70%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
LMW 14357.85
Stovec Inds 2005.30
Harish Textile Engin 69.90
Veejay Lakshmi Engg 37.83
Meera Industries 59.68
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