Kamdhenu Ispat disposes 81.61 acres land in Jharsuguda, Orissa

Kamdhenu Ispat Ltd has announced that due to the non-allotment of mining rights of Iron Ore by the State Government of Orissa, Company has disposed off the 81.61 acres of its land situated at Jharsuguda, Orissa, for an amount of Rs 90.15 lacs (Cost of acquisition was Rs 103.40 lacs comprising cost of land of Rs 69.73 lacs and CLU etc. of Rs 33.67 lacs)

The said land was acquired in the year 2004 for undertaking a project for manufacturing of Sponge Iron in the process of backward integration.

Source : Equity Bulls

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