Image Source: Business Standard
Kesar India Ltd. has acquired a 24,256 Sq. Mtrs. land parcel in Hingna, Nagpur, for a mixed-use high-rise project with an estimated revenue potential of ₹900 crore. The company also incorporated a wholly-owned subsidiary, Kesar Infraventures Private Limited, to drive expansion and strengthen its project pipeline in emerging markets.
Show more
Kesar India Ltd. has announced the acquisition of a prime land parcel in Hingna, Nagpur, Maharashtra, marking a significant milestone in its strategic expansion. The site spans approximately 24,256 Sq. Mtrs. and offers a development potential of over 1.50 million Sq. Ft., positioning the company to meet the rising demand for integrated urban spaces in Nagpur—a city rapidly emerging as a key commercial and urban hub.
The company plans to develop a mixed-use high-rise project on the site, which is expected to generate an estimated revenue of around ₹900 crore. This move reinforces Kesar India’s growth trajectory and strengthens its presence in high-potential markets across India.
Notable Updates
-
Kesar India acquired a 24,256 Sq. Mtrs. land parcel in Hingna, Nagpur, with a development potential of over 1.50 million Sq. Ft.
-
The project is projected to yield an estimated revenue of ₹900 crore.
-
The company has incorporated a wholly-owned subsidiary, Kesar Infraventures Private Limited, in Nagpur to drive business expansion.
-
Kesar Infraventures Private Limited was incorporated on November 26, 2025, with an authorized capital of ₹5 lakh and paid-up capital of ₹1 lakh.
-
The subsidiary is set to focus on civil construction, infrastructure, and related engineering works.
-
The acquisition is a cash transaction, with Kesar India acquiring 100% equity shares at ₹10 per share.
-
No governmental or regulatory approvals were required for the transaction.
Important Points
-
The new subsidiary will enable Kesar India to execute projects in civil, structural, and infrastructure sectors, expanding its business footprint.
-
The acquisition aligns with the company’s strategy to deliver high-quality developments and create long-term value for stakeholders.
-
Nagpur’s evolving status as a commercial and urban center makes it a strategic location for Kesar India’s expansion plans.
Source: Company Disclosure to the Stock Exchanges
Stay Ahead – Explore Now!
Goodluck India Secures $6 Million Export Order For 155mm M107 Shells
Advertisement
Advertisement