Incredible Industries Sells Wind Mill Unit for Rs. 1.50 Crore
Incredible Industries Limited has sold its Wind Mill unit K-342 to Technosteel Infraprojects Private Limited for Rs. 1.50 crore. The sale was approved by the Board of Directors in February 2024. The wind mill unit, located in Maharashtra, contributed minimally to Incredible Industries' financials, generating Rs. 0.49 crore in revenue (0.06% of total) in FY 2025 and representing 0.89% of the company's net worth. Technosteel Infraprojects, engaged in manufacturing pre-stressed wire for railway sleepers and RCC cement poles, is not related to Incredible Industries' promoter group. This sale aligns with Incredible Industries' strategy to optimize its asset portfolio.
*this image is generated using AI for illustrative purposes only.
Incredible Industries Limited has successfully completed the sale of its Wind Mill unit K-342 to Technosteel Infraprojects Private Limited for Rs. 1.50 crore. This move comes after the Board of Directors approved the sale in February 2024.
Transaction Details
| Aspect | Details |
|---|---|
| Seller | Incredible Industries Limited |
| Buyer | Technosteel Infraprojects Private Limited |
| Asset Sold | Wind Mill unit K-342 |
| Sale Price | Rs. 1.50 crore |
| Location | Maharashtra |
Financial Impact
The wind mill unit's contribution to Incredible Industries' financials was relatively small:
| Metric | Amount | Percentage of Total |
|---|---|---|
| Revenue Generated (FY 2025) | Rs. 0.49 crore | 0.06% |
| Net Worth | Rs. 1.29 crore | 0.89% |
About the Buyer
Technosteel Infraprojects Private Limited is engaged in manufacturing pre-stressed wire for railway sleepers and RCC cement poles. The company is not related to Incredible Industries' promoter group, and the transaction is not classified as a related party transaction.
This sale aligns with Incredible Industries' strategy to optimize its asset portfolio. By divesting a non-core asset that contributed minimally to the company's overall revenue, Incredible Industries may be positioning itself to focus on more profitable ventures or to streamline its operations.
Investors and stakeholders should note that while this transaction represents a small portion of Incredible Industries' total assets and revenue, it demonstrates the company's active management of its portfolio.
Historical Stock Returns for Incredible Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.82% | +0.22% | +1.19% | +15.53% | +22.62% | +143.90% |
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