Property24 Sept 2026, 09:55 pm
Super Spinning Mills Leases 4.01 Acres for New Facility
AI Summary
Super Spinning Mills Ltd has executed a 10-year lease agreement with Kyungshin Industrial Matherson Private Limited for a 4.01-acre property in Hindupur, Sri Sathya Sai District. The agreement, effective May 1, 2027, involves constructing a new 1.93-acre built-to-suit facility. The company will receive an interest-free security deposit of Rs. 85,94,411/-. This move is expected to generate long-term rental income and positively impact operational revenue.
Key Highlights
- Lease agreement signed for 4.01 acres in Hindupur.
- New facility to be constructed on a built-to-suit basis.
- Lease term is 10 years, commencing May 1, 2027.
- Company to receive Rs. 85,94,411/- as interest-free security deposit.
- Expected to generate long-term rental income and boost revenue.
Price Impact
More from SUPERSPIN