Outine Technology Upgrades News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Century Textiles & Industries, which runs three business verticals paper & pulp, realty and paper tissues, and nets over 70 per cent of the income from the first is diverting its focus onto the real estate business and has lined up Rs 1,000 crore for capex this fiscal for its ongoing and upcoming projects, including the super premium Worli project.
At this level, the capex is nine times the other two businesses are getting, a top official of the AV Birla Group firm has said.
Birla Estates was launched as the real estate business vertical of Century Textiles in 2016, and has large land bank cushioning the price impact thus making it more attractive considering the massive cost of land in the cities it is focusing on Mumbai and its suburbs, Delhi-NCR, Bengaluru and Pune. ....

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