Kalana Ispat Acquires Land for Rolling Mill Setup; Stock rises near 13%

Summary:

Kalana Ispat Limited has announced the acquisition of 9092.420 square meters of land in Khegariya, Taluka-Viramgam, Ahmedabad, for setting up a new rolling mill. The Board of Directors approved the purchase in their meeting on March 12, 2025, for a total consideration of ₹49 lakh. This move aligns with the company’s expansion plans outlined in its prospectus dated September 12, 2024.

Stock Performance:

  • Kalana Ispat Limited's stock rose nearly 13%, surging to ₹48.90 from the previous close.
  • Previous Close ₹43.45

Key Data Points:

  • Land Size: 9092.420 square meters.
  • Location: Khegariya, Taluka-Viramgam, Ahmedabad.
  • Purchase Cost: ₹49,00,000 (₹49 lakh).
  • Purpose: Setting up a rolling mill for enhanced production capacity.

About the Company

Incorporated in October 2012, Kalana Ispat Limited primarily manufactures M.S. Billets and Alloy Steel Billets of various grades



Disclaimer:

The information provided on Bharat Stock News is for educational and informational purposes only. We do not provide financial or investment advice. Readers are advised to consult with a SEBI-registered financial advisor before making any stock market decisions. Bharat Stock News is not responsible for any financial losses.


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