Neuland Laboratories Limited updates on Nanakramguda Project

Neuland Laboratories Limited would be taking over possession of its share in the Nanakramguda Project in the completed Tower B, which is ready for occupation, upon receipt of Occupancy Certificate from the statutory authorities.

In view of the above and to adjust the costs payable to the Developer in relation to conversion of the Company's share to warm shell, the Company's share in the Project has been revised to 0.17 million sq.ft. (excluding 0.12 mn sq.ft. transferred to Developer's Nominees) with the approval of the Board of Directors of the Company.

Shares of NEULAND LABORATORIES LTD. was last trading in BSE at Rs.2661.65 as compared to the previous close of Rs. 2674.85. The total number of shares traded during the day was 15490 in over 3148 trades.

The stock hit an intraday high of Rs. 2840 and intraday low of 2624. The net turnover during the day was Rs. 42301322.

Source : Equity Bulls

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