Board approves land purchase, capex of Rs 12 Cr and leasing plans
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Board approved four items: purchase of about 40 acres land in Bikaner, Rajasthan for M.S. Pipe project expansion; 9 staff apartments in Khalapur, Maharashtra for about Rs. 2.61 Crore; capital expenditure of Rs. 12 Crore for modernization of sleeper and infrastructure sites; and leasing of the pre-cast manufacturing unit at Nadiad, Gujarat.
Mix of growth capex (land, modernization, Rs 12 Cr capex) and asset monetisation via Nadiad unit leasing. Signals expansion focus.