Kesar India Ltd acquires Plot at Nagpur, Maharashtra having Revenue potential of Rs. 900 Crore

Kesar India Limited has announced the acquisition of a prime land parcel admeasuring approximately 24,256 Sq. Mtrs., offering a development potential of over 1.50 million Sq. Ft., located in Hingna, Nagpur, Maharashtra.

The Company plans to develop a mixed-use high-rise project on this site, strategically positioned to cater to the city's growing demand for integrated urban spaces.

The project is expected to generate an estimated revenue potential of approximately Rs. 900 Crore, reinforcing the Company's growth trajectory and expanding its presence in key emerging markets.

The Company have the said acquisition marks a significant milestone in our expansion strategy. Nagpur is rapidly evolving as a major urban and commercial hub, and we are confident that this development will create long-term value for our customers, stakeholders, and the city.

This land acquisition strengthens the Company's pipeline of projects and underscores its commitment to delivering high-quality developments across India.

Shares of Kesar India Limited was last trading in BSE at Rs. 875.00 as compared to the previous close of Rs. 875.00. The total number of shares traded during the day was 1000 in over 4 trades.

The stock hit an intraday high of Rs. 875.00 and intraday low of 875.00. The net turnover during the day was Rs. 875000.00.

Source : Equity Bulls

Keywords

INE0L1C01019 KesarIndia RealEstate Residential Commercial Acquisition PrimeLand Nagpur