GEE Limited Unlocks Value of Thane Land with Development Agreement, Expects Rs 400 cr Revenue

GEE Limited, a leading manufacturer in the welding consumables industry, has entered into a Development Agreement for the transfer of development rights of its leasehold land situated at Wagle Industrial Estate, Thane, Maharashtra, India. The agreement, signed on 24th November 2025, is for a modern Commercial development on a land parcel measuring 13,391 sq. mtrs. GEE Limited expects to receive approximately 2,90,000 sq. ft. of RERA-registered constructed area with a revenue potential of upwards of Rs 400 crore during the lifecycle of the project. The manufacturing facility at the existing location will be shifted to Bhiwandi-Kalyan.