RPG Cables looking to raise $33.5M from Mumbai land sale | VCCircle
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RPG Cables looking to raise $33.5M from Mumbai land sale 

BY  Pooja Sarkar
In October 2009, the company sold some surplus land situated at the same location.

RPG Cables Ltd, a division of the KEC International Ltd, is looking to sell its 7.5 acre land parcel at Thane in Mumbai, sources close to the development told VCCircle. The firm is part of Harsh Goenka-led RPG Enterprises.

A source, who has been sounded off regarding the transaction, said, “RPG Cables is looking to sell its land parcel which is located at Pokhran Road II at Thane and it is looking to raise close to Rs 30 crore per acre.”

The company is eyeing a total of Rs 225 crore from the land sale, the source said.

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