+
Natco Pharma Sells Telangana Property for Rs 1.15 billion
Real Estate

Natco Pharma Sells Telangana Property for Rs 1.15 billion

Pharmaceutical company Natco Pharma announced that it had completed the sale of approximately 14.38 acre (72,358 square yards) of land in Ranga Reddy district, Telangana, for Rs 1.15 billion, including infrastructure costs.

In a regulatory filing, the company stated that it had sold land with clear and marketable titles, measuring approximately 14.38 acre (72,358 sq. yards), located at Mekaguda Gram Panchayat, Nandigama Mandal, Ranga Reddy District, Telangana, India, for a total consideration of Rs 1.15 billion, which included certain infrastructure costs.

Natco Pharma clarified that the land and building sold were not part of its operational assets, and the transaction would not affect its business operations.

The company further emphasized that since no business activities were conducted on the land and building sold, the sale would not impact its operations. It also noted that the sale did not constitute the transfer of an undertaking or a substantial portion of the company's operations.

Additionally, Natco reported an 83 per cent increase in its net profit for the September quarter, reaching Rs 6.76 billion compared to Rs 3.69 billion during the same period the previous year. Revenue also rose by 33 per cent, reaching Rs 13.71 billion, up from Rs 10.31 billion in the corresponding quarter of the previous fiscal year.

Pharmaceutical company Natco Pharma announced that it had completed the sale of approximately 14.38 acre (72,358 square yards) of land in Ranga Reddy district, Telangana, for Rs 1.15 billion, including infrastructure costs. In a regulatory filing, the company stated that it had sold land with clear and marketable titles, measuring approximately 14.38 acre (72,358 sq. yards), located at Mekaguda Gram Panchayat, Nandigama Mandal, Ranga Reddy District, Telangana, India, for a total consideration of Rs 1.15 billion, which included certain infrastructure costs. Natco Pharma clarified that the land and building sold were not part of its operational assets, and the transaction would not affect its business operations. The company further emphasized that since no business activities were conducted on the land and building sold, the sale would not impact its operations. It also noted that the sale did not constitute the transfer of an undertaking or a substantial portion of the company's operations. Additionally, Natco reported an 83 per cent increase in its net profit for the September quarter, reaching Rs 6.76 billion compared to Rs 3.69 billion during the same period the previous year. Revenue also rose by 33 per cent, reaching Rs 13.71 billion, up from Rs 10.31 billion in the corresponding quarter of the previous fiscal year.

Next Story
Infrastructure Urban

Welspun One Expands Portfolio With Rs 7 Billion Pune Land Deal

Welspun One Logistics Parks has purchased 70 acres of land in Pune for Rs 7 billion to develop a warehousing and industrial project. The acquisition, located in a strategic logistics corridor, is expected to cater to rising demand from e-commerce, manufacturing, and third-party logistics sectors.The company said the project will feature modern warehousing infrastructure, sustainable building practices, and technology-driven operations to improve efficiency and reduce environmental impact. This investment aligns with Welspun One’s strategy to strengthen its pan-India footprint and expand its ..

Next Story
Infrastructure Urban

Rs 16.85 Billion Pune Logistics Hub Project Speeds Up

Work on the Rs 16.85 billion multi-modal logistics hub at Chakan, Pune, is progressing rapidly, with the project expected to transform freight movement in the region. The facility is being developed under the Centre’s flagship Bharatmala Pariyojana scheme to enhance India’s logistics efficiency.Spread over a vast area, the hub will integrate road, rail, and warehousing infrastructure to enable seamless goods transfer and reduce transportation costs. It is also expected to ease congestion on key freight corridors and improve supply chain reliability for industries in Pune and beyond.Officia..

Next Story
Real Estate

Macrotech Developers Q1 Sales Jump 39 Per Cent To Rs 53.6 Billion

Macrotech Developers Ltd, which operates under the Lodha brand, has reported a 39 per cent year-on-year rise in sales bookings to Rs 53.6 billion for the quarter ended June 2025, compared with Rs 38.6 billion a year earlier.The company attributed the growth to strong housing demand across key markets, with mid-income and luxury segments performing particularly well. Macrotech plans to launch projects covering 5.8 million square feet in the coming quarters to capitalise on this momentum.During the quarter, collections stood at Rs 32.8 billion, while project completions and timely deliveries hel..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?