IPL has announced on 31st August of acquisition of a land adjacent to the Sandila plant ( ~ 2.83 acres), probably this was one of the reason for the stock to runup in the last week. However upon further investigation from google map, the land does not seem more than 12% of the existing plant.
Realistically, how much will this additional land generate revenue or create scope for debottlenecking capex.
Reference : https://www.bseindia.com/xml-data/corpfiling/AttachLive/f79fa710-3d1a-42a6-b768-e5692f6e4182.pdf
Image 1: Most likely this is the land acquired or land of similar size has been acquired
Image 2: Looking at the green warehouse roof cover, the entire area is under IPL now.
Disc: Tracking the stock.
Subscribe To Our Free Newsletter |