Land Sale

The company has sold 0.65 acres to Godrej and Boyce Manufacturing Company Ltd for Rs 11.83 crore.

Good rains, clarity on subsidy to boost sales: Jayshree Tea

DP Maheshwari, managing director of Jayshree Tea says that the tea segment has done better than the sugar and chemical counterparts. Confusion over subsidy and pricing of products on the chemical sector has affected sales, he told CNBC-TV18 in an interview.

Land sale boosts KEC Q3 net up 40%; margins under pressure

KEC International's consolidated net profit for the third quarter rose 40% year-on-year to Rs 81 crore, helped by one time gain from sale of a land in Navi Mumbai. However, margin pressure remained during the quarter and that hurt EBITDA (earnings before interest, taxes, depreciation and amortization).

Eveready Ind to sell land for Rs 250-275cr to be debt free

Deepak Khaitan, executive vice president at Eveready Industries India, tells CNBC-TV18 that proceeds from land sale will help bring down debt; however, the company is not in a hurry to sell land.

Land sale plan on track, to bring in Rs 2000 cr: Alok Ind

Dilip Jiwrajka, managing editor of the company tells CNBC-TV18 that the plan to sell off the land bank is progressing on track. “The land sale is expected to bring in cash of around Rs 2000 crore, and that will be entirely used to reduce debt,” he assures.

Alok Ind to raise Rs 2000 cr via land sale in 12 months

Dilip Jiwrajka, managing director of Alok Industries, in an interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee, said that the company is likely to raise about Rs 2000 crore through a land sale over next 12 months.

No land sale now, clarifies TTK Healthcare

News of a land sale by TTK Healthcare made the stock buzz on the radar today. TT Jagannathan, chairman of the company clarified to CNBC-TV18 that it is purely a rumour and the company has no plans to divest its non-core assets right now.