Property16 Sept 2026, 06:10 pm
GOCL Corp: 157 Acres Monetized, Balance Land Release Pending
AI Summary
GOCL Corporation Ltd has provided an update on the monetization of its land parcel in Kukatpally, Hyderabad. Approximately 157 acres out of a total of 264.50 acres have been successfully monetized so far. The remaining land is currently under a mortgage obligation as security for a loan availed by Hinduja National Power Corporation Limited (HNPCL). HNPCL has made significant progress in repaying this loan and is in discussions with its lender for the release of the land. Upon release, the company expects to expedite the monetization process for the remaining portion.
Key Highlights
- Monetization of 157 out of 264.50 acres completed.
- Remaining land is under mortgage for HNPCL loan.
- HNPCL is close to repaying loan and releasing land.
- Expedited monetization expected upon land release.
Price Impact
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