NTCL :: National Textile Corporation Limited (NTC)
About NTCL National Textile Corporation Limited, (NTC) is a schedule “A” public sector company under the ambit of Ministry of Textile, Government of India, engaged in production of yarn and fabric through its 23 mills in operation, located all over India with 82 lac spindles and 408 looms producing around 550 lac kgs of yarn and 200 lac meters of fabric per annum New Delhi: Aiming to garner a minimum of Rs750 crore, staterun National Textile Corporation (NTC) on Monday said it will sell 838 acres of prime land in Mumbai, via eauctionNational Textile eyes Rs750 cr from Mumbai mill sale This is the sixth NTC mill to be put up for sale in Mumbai Three years ago, at the height of the property boom, the corporation sold five of its mills in central Mumbai, which fetched it Rs 2,200 NTC finds no buyer for Finlay mills, again Mumbai
Going soon: Two more NTC mills at Rs 1,000 cr
Finlay Mills at Parel is embroiled in a controversy, with NTC not being satisfied with the highest bid of Rs 710 crore In 2005, the sale of five mills had helped NTC raise Rs 2020 crore Sale of excess land of textile mills owned by it in Mumbai and other cities has helped NTC raise huge sums in recent years The stateowned corporation has sold surplus land of over 70 mills owned by it in different states, fetching it over US$ 800 million In Mumbai alone, NTC has sold five plots for about US$ 480 millionStateowned National Textile Corporation is scripting a Banking on the gradual revival of the real estate market, NTC, soon after Finlay’s fate is decided next week, wants to kick off the sale of Kohinoor 1 and 2, two mills in Dadar, central Mumbai NTC may sell Finlay Mill below reserve price; only two
SC clears Mumbai mill land sale Rediff: News
NTC, Appolo Textile Mills, Mumbai Textile Mills, Elphinstone Mills, Kohinoor Mills Numbar 3, Jupitor Mills, Bombay Dyeing and several others had challenged the high court judgement'Prices soared even over the period we sold our mills in the first phase While we got Rs7,000 per sq ft for the sale of the 14acre Mumbai Mills in Lower Parel (sold to Indiabulls), a months later we got Rs15,000 per sq ft for the sale of the 49acreKohinoor Mills in Dadar, both in central MumbaiMumbai Mill Auction May Push Up Real Estate A great transformation from port city to textile mills city Mumbai was at around 1980’s which boosted city economy From then till now many such mills like Dawn Mill, Zenzi mill, Phoenix mill, Kamla mills at mill prominent locations like Worli, Lower Parel, Byculla, Parel and Cotton Green in western and central Mumbai Mills in Mumbai Historic Textile Mills Of Then Called
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