This Article is From Dec 15, 2014

KEC Sells 7.3 Acres of Land to Tata Housing for Rs 212 Crore

KEC Sells 7.3 Acres of Land to Tata Housing for Rs 212 Crore

New Delhi: KEC International on Monday said it has completed a deal to sell a 7.3 acre land parcel near Mumbai to realty firm Tata Housing for Rs 212.35 crore.

On March 31, the company had announced that it has entered into an agreement for sale of its 7.3 acres of land situated at Thane district in Maharashtra. 

KEC International said in a filing to the BSE that it "has executed a sale deed with Ardent Properties, a 100 per cent subsidiary of Tata Housing Development Company Ltd and has completed all the formalities of said sale".

"Further the company has also received full consideration of Rs 212.35 crore from Ardent," it added.

KEC International is an EPC (engineering, procurement and construction) firm, having presence in about 50 countries. Its businesses include power transmission, power systems, cables, railways, telecom and water.

Tata Housing is the real estate arm of the Tata group.

KEC International said: