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Lakshmi Machine Works forays into real estate sector

21 Dec 2013 Evaluate

Lakshmi Machine Works, textile machinery major, has marked its foray into the real estate sector. The company has joined hands with Sobha Developers to launch a unique residential project called ‘elan’ at Parasakthi Nagar, Ganapathy in Coimbatore.

The project signifies elegance, energy and style. The 4.76 acre development offers 236 units of 1 BHK, 2 BHK and 3 BHK configurations ranging from 800 - 1700 sq feet, priced between Rs 45 lakh to Rs one crore. élan is designed in such a way whereby, 20% of its units will go in accommodating 1 BHK; 50% will accommodate 2 BHK and the rest will be 3 BHK.

Lakshmi Machine Works, founded in the year 1962 is a global player and among the top three manufacturers of the entire range of Textile Spinning Machinery ranging from Blow Room to Ring Spinning.

Peers
Company Name CMP
LMW 17784.75
Lohia Corp 538.40
Stovec Industries 1588.70
Veejay Lakshmi Engg 38.20
Indian Card Clothing 210.00
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