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Moneycontrol.com >> Message Board >> View Messages >> Kilburn Eng
   You are here :     Moneycontrol     MMB      Stocks      Kilburn Eng
BSE Announcements on Kilburn Eng (1)   17-Jul-08 16:56Tracked by (0)  
Posted by:   MMB Messenger on ( 17-Jul-08 16:56 )
Price : [Kilburn Eng - BSE:Rs. 26.45 NSE:Rs. when posted]
Kilburn Engineering Ltd has informed BSE about the following:

"The Company has entered into a MOU on July 16, 2008 with Conwood Pre-Fab Ltd, Goregaon (E), Mumbai - 400 063 for purchase of Land admeasuring about 8 acres at Dhamangaon near Mumbai, on the Mumbai-Nasik Highway at a consideration of Rs 15.90 crores (Rupees Fifteen Crores Ninety Lacs only). The Company will set up state-of-the-art manufacturing facility at this location. The said project is expected to be operational by end 2009.

Pursuant to the MOU between the Company and Housing Development & Infrastructure Ltd (HDIL) for sale of 8.32 acres of the Companys Land at Bhandup, Mumbai, the Companys planned shifting of its manufacturing operations from Bhandup to new locations at Mulund, Mumbai and Taloja, near Mumbai have been completed. After completion of the project as stated above, manufacturing operations from Mulund and Taloja will be permanently shifted therein."

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Land sales to HDIL - Co. will soon receive balance 100 crore from HDIL ...

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