KBC Global Ltd not to proceed with investment into mining

The Board of directors of KBC Global Limited at their board meeting held on Tuesday, May 17, 2022 considered and discussed the overall scenario after analysis, detailed research and due-diligence and decided not to proceed with the proposal for investment into mining since there is no viability found. The Company plans to focus purely on the real estate segment right from affordable housing to luxury for all kind of customers.

The Company plans to launch 4 to 5 projects in coming months, the respective updates on the same would be done as per the schedule. In order to maximize the bottom line, the Company has undertaken development of commercial projects in prime areas of Nashik location.

Source : Equity Bulls

Keywords

KBCGlobal ProposalDropped MiningBusiness