Vibhor Steel Tubes Subsidiary Acquires Land for Strategic Expansion in Haryana
Vibhor Steel Tubes Limited, through its wholly owned subsidiary, Viyom Steel Infra Private Limited, has entered into an agreement to acquire land in Hisar, Haryana. This acquisition is set to support the company's strategic expansion into infrastructure-related manufacturing activities.The land, measuring 14.2125 acres, is located in Kalwas, District Hisar, Haryana. The purchase was made from Mukesh S/o Subhash Chander.
The transaction involves the purchase of the land for the establishment of a commercial manufacturing facility. Key details of the land acquisition are summarized below:
| Detail | Particulars |
|---|---|
| Acquirer | Viyom Steel Infra Private Limited |
| Seller | Mukesh S/o Subhash Chander |
| Land Area | 14.2125 acres |
| Transaction Value | Rs. 20,07,87,350/- |
| Status | Land must be free from all encumbrances, charges, mortgages, attachments, demand, liens, and trust of any nature. |
Viyom Steel Infra Private Limited intends to utilize the newly acquired land to undertake a range of infrastructure manufacturing activities. These activities include the production of transmission towers, monopoles, crash barriers, octagonal poles, high mast poles, prefabricated structures, and other allied products.
The purchase agreement confirms that the parties are not related to the promoter or promoter group, and the transaction is not classified as a related party transaction. The total value of the transaction for the land purchase stands at Rs. 20,07,87,350/-.
VSTL Stock Price Movement
Today, shares of Vibhor Steel Tubes Limited slipped by 0.25%, ultimately closing at ₹111.50. The stock saw a total traded volume of 8,832 shares during the session.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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