Midwest Energy's board accepts MIDC offers for Butibori leasehold land
Midwest Energy Ltd · Other Construction Materials
What the filing says
- MIDC offered Plot Nos. C-1/1 (approx. 156164.64 sq. mtrs.) and C-1 (approx. 145430 sq. mtrs.) at Butibori Ph-2, Nagpur, vide offer letters dated 15th October 2026.
- Total land premium is Rs. 66,35,08,208 at Rs. 2,200 per sq. mtr.; the 25% Earnest Money Deposit is Rs. 16,58,77,053.
- Land is for a 5000 MTPA Neodymium-Iron-Boron (NdFeB) permanent magnet manufacturing facility; the lease agreement with MIDC is still to be entered.
Why it's rated notable: the amount is 461% of annual revenue (50% or more)
Figures checked against the filing by a second AI read, which corrected the first summary. About the business, not the share price.
Original filing
Acceptance Of MIDC Offers For Allotment Of Leasehold Industrial Land At Butibori Phase-II Industrial Area, Nagpur.
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Potential multibaggers · Q2 FY27
Potential multibaggers in Other Construction Materials
on management's own guidance
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Summary written by Arthneeti from the company's filing with the stock exchange; check the original filing for full details. Arthneeti is a research and analytics platform, not a SEBI-registered investment adviser, and nothing here is a recommendation to buy or sell.