GEE Ltd Hands Over Thane Land Parcel for Development

GEE Limited has handed over its land parcel in Wagle Industrial Estate, Thane, to Fen-Kin Infinity LLP, marking a significant milestone in its land development project. This strategic location offers excellent connectivity. The project is expected to generate revenue for the company, with an anticipated realization of over ₹400 crore over five years, subject to project progress and market conditions. The proceeds will be deployed towards organic and inorganic growth, product portfolio expansion, new market entry, and rewarding shareholders. This move is part of GEE's strategy to unlock value from non-core assets and enhance capital allocation.