Announced Mon, 29 Jun · 15:33 IST
Mangal Electrical acquires industrial land in Rajasthan for Rs 8 crore expansion
Capex & Operations View source PDF
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Price reaction · full curve 14 horizons · vs prior close
+0.3%1-day move
₹300.00
prior close
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AI summary
Mangal Electrical Industries Limited acquired 1.4315 hectares of industrial land in Parsarampura, District Sikar, Rajasthan for Rs 8 crore (excluding stamp duty and other charges) on June 29, 2026. The land is for expanding manufacturing facilities and supporting future business growth. Paid in cash, arm's length deal, not a related party transaction.
Likely market impact
Positive for long-term growth. Land enables capacity expansion, no immediate revenue impact. Cash outflow of Rs 8 crore.