Announced Tue, 16 Jun · 17:53 IST
Pradeep Metals leases ₹14 cr land in Nagpur for defense facility
Capex & Operations View source PDF
PRADPME · 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
+3.5%1-day move
₹498.05
prior close
₹506.50
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+2.2+1.7+2.7+5.3+3.5+3.6+6.4+9.2+8.4+19.7+4.2+9.8——
Up moveDown movePending
AI summary
Pradeep Metals has executed an assignment deed to lease ~33,040 sq m of land in Butibori Industrial Area, Nagpur for Rs 14 crore. The land will be used to set up a greenfield manufacturing facility for precision-engineered defense components. The counterparty is Dhanlabh Engineering Works, in which Non-Executive Promoter Director Neeru Goyal has interest — a related party transaction, conducted at arm's length based on an independent valuation and approved by the Audit Committee.
Likely market impact
Signals capacity expansion into defense components; related-party nature may draw shareholder attention.