Raymond Limited ( (IN:RAYMOND) ) just unveiled an announcement.
Raymond Limited announced its sixth major joint development agreement to develop its first residential project in Wadala, Mumbai, through its subsidiary Ten X Realty East Limited. This project, valued at approximately Rs. 5,000 crore, marks a strategic expansion in the Mumbai Metropolitan Region, enhancing Raymond’s presence in the real estate market. The development aligns with the company’s growth strategy and is expected to significantly contribute to its future growth, bringing the total gross development value of its real estate projects to nearly Rs. 40,000 crore.
More about Raymond Limited
Raymond Limited, established in 1925, is a leader in fabric manufacturing and has expanded into engineering and real estate sectors. After demerging its Lifestyle Business in 2024, the company focuses on real estate and engineering. Raymond Realty is among the top 10 real estate players in India, known for delivering projects ahead of schedule. The engineering division, strengthened by acquiring Maini Precision Products Limited, targets high-growth markets in engineering, automotive, EV, aerospace, and defense components.
YTD Price Performance: -17.11%
Average Trading Volume: 30,692
Current Market Cap: 93.44B INR
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