Mukand Share Price Jumps Over 10% on Announcing Sale of 17.77 Acres Land in Thane

Mukand Limited has signed a significant land sale agreement valued at approximately ₹673 crore with Bengaluru-based AGP DC Infra Private Limited. The deal, finalised on 23 July 2025, pertains to a total land parcel of 17.77 acres located at Kalwe and Dighe in Thane, Maharashtra. This strategic move aims to unlock the value of non-core land assets.

Deal specifics and valuation

The agreement covers 17.77 acres of land along with a 50% undivided share in an adjoining access road of 2.73 acres, and a perpetual non-exclusive right of way over an additional 0.16-acre parcel. The agreed sale price is not less than ₹86,980 per square metre, aggregating to a total of approximately ₹673 crore. 

Mukand Ltd has already received ₹110 crore as advance payment from the purchaser. The final consideration remains subject to revision based on specific conditions, including approvals and due diligence outcomes.

Buyer Details and Transaction Nature 

The buyer, AGP DC Infra Private Limited, is a non-related party and does not belong to Mukand Ltd’s promoter or promoter group entities. Therefore, the transaction does not fall under the scope of related party transactions. The transaction is aimed purely at value unlocking and does not impact the company's core business operations.

About Mukand Ltd

Mukand Limited is a leading manufacturer of alloy and stainless steel long products and a pioneer in the Indian steel and engineering industries. With its manufacturing facilities in Thane and Karnataka, the company serves critical sectors including automotive, infrastructure, and power. Mukand continues to focus on enhancing operational efficiency and value creation for its stakeholders.

Also Read: Bajaj Finance Share Price in Focus Ahead of AGM, Up 4.66% in a Week!

Mukund Ltd Share Price Performance 

As of July 24, 2025, at 9:54 AM, Mukand share price is trading at ₹150.85 per share, reflecting a gain of 11.2%. Over the past month, the stock has gained by 9.79%.

Conclusion

This land sale marks a strategic step by Mukand Ltd in monetising underutilised assets while ensuring continued focus on its core manufacturing operations. With a sizable ₹673 crore transaction now underway and approvals in motion, the deal signals strong intent by the company to streamline its asset base and reinforce long-term financial strength.

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