Accord Transformer & Switchgear Acquires Land in Rajasthan for Business Expansion
Accord Transformer & Switchgear Ltd has acquired land located in Khairthal, Rajasthan, with the purchase intended to support the company's long-term strategic growth and operational capabilities. The acquisition is part of a plan to expand manufacturing facilities, enhance warehousing, and build testing infrastructure.The total consideration for the land acquisition stands at 8.85 Crores (Eight Crore Eighty Five Lakh). Additionally, the company incurred expenses totaling 1.82 Crores (One Crore Eighty Two Lakh) related to commission and stamp duty charges associated with the purchase.
This strategic land acquisition is set to strengthen Accord Transformer & Switchgear’s operational capabilities as it moves forward with its business strategy. The company confirmed that this asset purchase does not fall under any related party transactions.
Details regarding the acquired property, costs, and location are provided below:
| Particular | Detail |
|---|---|
| Land Location | Village Shekhpur Aheer, Tehsil Tijara, District Khairthal-Tijara, Rajasthan |
| Land Size | 20,300 Sq. Meters / 2.030 Hectares / 8.12 Bigha |
| Acquisition Cost (Property) | 8.85 Crore |
| Additional Expenses | 1.82 Crore |
The acquisition is intended to provide the necessary space for future expansion, supporting the company’s commitment to long-term strategic growth. The execution of the Sale Deed is expected to be completed on or before July 07, 2026.
Stock Price Movement
Accord Transformer & Switchgear Ltd shares settled at ₹56.01 in post-market trading, after dropping 2.76% today. The stock moved within an intraday range that spanned from a low of ₹55.00 to a high of ₹57.80.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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