TECIL Chemicals Receives Compensation Funds Following State Government Land Acquisition
TECIL Chemicals and Hydro Power Limited reported the successful receipt of compensation funds related to the acquisition of the company's land by the State Government. The compensation, which pertains to land designated for the expansion of an MC Road, has been credited to the company's bank account.According to the company, the acquisition process involved land belonging to TECIL Chemicals and Hydro Power Limited. This transaction follows an initial deposit by the Special Tahsildar, Land Acquisition (General), Kottayam, regarding the land acquisition.
The compensation amount released in favor of the company was reported as Rs 27,15,890/- (Rupees Twenty-Seven Lakhs Fifteen Thousand Eight Hundred and Ninety Only).
The land involved in this transaction spans 25.48 cents, an area acquired by the State Government for the MC Road expansion project.
Key details regarding the land acquisition and funds received are summarized below:
| Parameter | Detail |
|---|---|
| Company | TECIL Chemicals and Hydro Power Limited |
| Nature of Event | Receipt of Compensation Funds |
| Purpose of Acquisition | Expansion of MC Road |
| Land Acquired | 25.48 cents |
| Compensation Amount Received | Rs 27,15,890/- (Rupees Twenty-Seven Lakhs Fifteen Thousand Eight Hundred and Ninety Only) |
TECILCHEM Stock Price Movement
Shares of TECIL Chemicals and Hydro Power Limited are edging higher to ₹12.14 as of 12:46 PM today, surging by 1.85% in live trading. The stock sees strong investor participation, with 4,605 shares trading in the active market.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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