MIIL Group Expands to South Mumbai with ₹80 Crore Redevelopment Project
Meghna Infracon Infrastructure's subsidiary, Meghna Infracon Infra, is launching a residential redevelopment project in Prabhadevi, South Mumbai. The project is expected to generate revenue of ₹80.00 crore, marking a significant expansion for the company into one of Mumbai's most desirable areas. This strategic move aims to capitalize on the high demand for quality residential spaces in South Mumbai and could strengthen the company's position in the competitive Mumbai real estate market.
14May 25
MIIL Group Unveils New Residential Project in Prime Andheri West Location
Meghna Infracon Infrastructure Limited (MIIL) Group has revealed plans for a new residential project in Andheri West, Mumbai. The development is projected to generate revenue of Rs. 600.00 million (Rs. 60.00 crore). While specific details are yet to be disclosed, the project's location in a premium Mumbai suburb is expected to be a major selling point. This venture marks a significant expansion for MIIL Group in Mumbai's competitive real estate market.
Meghna Infracon Infrastructure Limited has scheduled a board meeting for May 21, 2025, to discuss issuing bonus shares, declaring dividends, and approving Q4 and FY 2024-25 financial results. The company's stock hit a 52-week high, rising 7.09% to ₹1000.00 on the BSE following the announcement. The trading window for the company's securities has been closed from April 1, 2025, until 48 hours after the financial results declaration.