Century Textiles and Industries’ Subsidiary to Develop 131-Acre Land Parcel in Noida

Century Textiles and Industries Limited has announced a significant development in its real estate portfolio through its wholly-owned subsidiary, Birla Estates Pvt Ltd. The company has signed a strategic agreement with the LGCPL group to co-develop a 131-acre land parcel in Sector 150, Noida. This venture, pending necessary clearances from relevant authorities, will be part of the Integrated Sports City project.

The proposed development is set to feature an expansive 50-plus-acre golf course along with international standard sports facilities, aligning with the growing demand for integrated lifestyle projects. The location of the development is highly strategic, situated along the Noida-Greater Noida Expressway and in close proximity to the Yamuna Expressway. This prime positioning ensures excellent connectivity to Delhi, Noida, and Greater Noida, enhancing the appeal of the project for potential investors and residents.

This new project in Noida complements Birla Estates’ recent expansions, which include new developments on Mathura Road in Delhi and additional projects in Sector 31 and Sector 71 in Gurugram.

In a recent move, Birla Estates has also expanded its operations by incorporating a new wholly-owned subsidiary named Unnatam Properties Private Limited. This new entity will function as a step-down wholly-owned subsidiary of Century Textiles and Industries Limited, further strengthening the company’s foothold in the real estate sector. The creation of Unnatam Properties highlights Century Textiles’ ongoing commitment to growth and diversification in its real estate ventures.

In Q1 FY 2025, Century Textiles and Industries Ltd reported a total income of ₹1,167.59 crore, which increased from ₹900.70 crore in Q1 FY 2024. The company’s net profit for the quarter ended June 2024 was ₹17.35 crore, up from a loss of ₹7.06 crore in Q1 FY 2024.

On September 2, 2024, the share price of Century Textiles and Industries Ltd opened at ₹2,435.00, touching the day’s high at ₹2,435.00, as of 10:05 AM on the NSE.

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