Announced Mon, 28 Sept, 2026 · 08:14 IST
MICL partners Godrej for Marine Lines project, revenue potential Rs.6,000+ cr
MANINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹130.50
prior close
₹130.96
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.8-0.1-0.5-0.9-2.2-3.8-4.4-5.5-5.5-9.6————
Up moveDown movePending
AI summary
MICL has partnered with Godrej Properties for its Marine Lines sea-facing residential project in South Mumbai. Development rights earlier held by MICL and Shreepati Group have been transferred to Godrej. Project spans about 2.5 acres with overall revenue potential of Rs.6,000+ crores. MICL will recoup its existing investment of Rs.300+ crores plus earn through a revenue sharing arrangement. The collaboration will be jointly branded.
Likely market impact
MICL gets immediate cash of Rs.300+ cr from investment recoup plus future revenue share from a Rs.6,000+ cr project. Positive for financials.