Pradeep Metals Executes Rs 14-Crore Land Assignment Deed for New Defense Components Greenfield Facility

Pradeep Metals Limited has officially announced the execution of an assignment deed for the lease of an industrial land parcel, paving the way for a new manufacturing facility.

The transaction involves a total financial consideration of Rs 14,00,00,000 (Rupees Fourteen Crores Only).

Project and Land Specifications

The newly acquired land will be utilized to expand industrial manufacturing capabilities in the precision engineering sector:

Location: The property is situated at Plot No. C-234 & C-234 / Part in the Butibori Industrial Area, falling within the village limits of Wateghat, Hingna, Nagpur.

Total Area: The commercial immovable property encompasses an admeasurement of 33,040.00 square meters.

Core Purpose: The site is slated for the establishment of a Greenfield Manufacturing Facility specifically designed for producing precision-engineered defense components.

Shares of PRADEEP METALS LTD. was last trading in BSE at Rs. 501.95 as compared to the previous close of Rs. 501.90. The total number of shares traded during the day was 3802 in over 276 trades.

The stock hit an intraday high of Rs. 509.95 and intraday low of 497.00. The net turnover during the day was Rs. 1908574.00.

Source : Equity Bulls

Keywords

PRADEEPMETALS INE770A01010 LandAssignmentDeed DefenseComponents GreenfieldFacility