Larsen and Toubro (L&T) is planning to sell its industrial plot, along with factory building including infrastructure in Nashik. In this regard the company has put industrial plot, factory on the block for a minimum bid of Rs 18 crore to Rs 25 crore.
The plot spread over 15,426 square metres in Ambad, MIDC in Nashik, has a built up area of 3,566 square metres, and functioned as a switchgear factory. The current market rate of the area around MIDC is about Rs 12,000 per square metre, valuing the plot at around Rs 18.5 crore.
The infrastructure company would be opening the sealed bids by July 12. Last month, the company also sold its stake in the Dhamra Port, to raise capital to the tune of Rs 5,500 crore.
Larsen & Toubro (L&T) is a technology, engineering, construction and manufacturing company. It is one of the largest and most respected companies in India's private sector.
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