Arvind SmartSpaces inches up on signing agreement for large industrial park in Ahmedabad
Arvind Smartspaces is currently trading at Rs. 680.00, up by 0.35 points or 0.05% from its previous closing of Rs. 679.65 on the BSE.
The scrip opened at Rs. 671.50 and has touched a high and low of Rs. 707.70 and Rs. 671.40 respectively. So far 2125 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1024.35 on 28-Nov-2024 and a 52 week low of Rs. 477.00 on 29-Jan-2024.
Last one week high and low of the scrip stood at Rs. 784.60 and Rs. 670.00 respectively. The current market cap of the company is Rs. 3175.83 crore.
The promoters holding in the company stood at 50.17%, while Institutions and Non-Institutions held 15.49% and 34.34% respectively.
Arvind SmartSpaces (ASL) has signed an agreement for a large industrial park in Ahmedabad, with a total estimated area of around 440 acre and a top-line potential of around Rs 1,350 crore. This mega project is located on NH47, Bavla-Bagodara Road. The project is signed under joint development model (70.5% revenue share).
NH 47 is among one of the major national highways of Gujarat, which on the southern side connects Ahmedabad to all major cities of Saurashtra like Rajkot, Bhavnagar, Jamnagar etc, and on the northern side connects Ahmedabad to cities like Gandhinagar, Mehsana and connects the entire state to Rajasthan. This project is located on NH-47, between Bavla and Bagodara. It is located at a tri-junction that connects the project to Saurashtra region, Vadodara, Ahmedabad and key ports like Kandla, Mundra and Pipavav. The project is also located close to Dedicated Freight Corridor (DFC) and the upcoming Dholera Special Investment Region.
The project is envisaged to be one of the largest industrial parks in Gujarat with end-to-end ecosystem to ensure a thriving environment for industries. The proposed infrastructure includes common effluent treatment plant (CETP), Zero Liquid Discharge (ZLD), labour housing, executive housing, weight bridge, logistics zones, etc.
Arvind SmartSpaces is engaged in to the business of Construction and Real Estate.
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