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Bangalore: State-owned National Textile Corp. Ltd (NTC) on Tuesday failed for a second time to find buyers for its Finlay Mills in central Mumbai …

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The Centre on Wednesday approved a Rs 17,408.85 crore 'committed price support' to the Cotton Corporation of India (CCI) for seven cotton seasons from 2014-15 to 2020-21. #Cabinet approves committed price support of Rs 17,408 crore to Cotton Commission of India, this is because 60 lakh farmers are ...

NTC conducts drone survey, mapping of 5 mills to prevent encroachment. The pilot was done after textiles minister Piyush Goyal said that drones be used to survey NTC mills to protect and monitor the land of the PSU periodically as such surveillance would help swift action against the encroachments of properties of government-owned companies.

MUMBAI: Five of the 20 National Textile Corporation (NTC) mills slated for redevelopment are likely to be on the block very soon, with the state government recently instructing the …

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NTC has garnered Rs 4,034 crore through sale of assets, that mainly includes land of closed mills. The sale of surplus land is one of the major sources of revenue for revival of sick mill units. NTC manages 119 sick private sector textile mills that were nationalised by the government over the last several decades.

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In June, the NTC's Mumbai Textile Mill was sold for a staggering Rs.702 crores to the Delhi-based DLF Group in one of the most expensive real estate deals in the country. Earlier in the year, the NTC sold its first property, Jupiter Mills, for Rs.276 crores. Subsequently, it …

The mills of Girangaon contributed significantly to the prosperity and growth of Mumbai. Girangaon covered an area of 600 acres (2.4 km2), not including the workers' housing.

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"As per the audit report for the year 2019-20, the NTC can recover a total amount of ₹2,233 crore, pending over the sale of land or mills to various agencies or State governments.

Jupiter Mills' sale draws four top bids. MUMBAI: Jupiter Mills, the first of the National Textile Corporation (NTC) mills to go on the block, attracted bids above expectation on …

Mobilising the required funds for the scheme was difficult. The NTC generated Rs.2,200 crore by private placement of bonds in 2003 and the sale of five of its mills in Mumbai in 2005, after a protracted legal battle. This gave the impetus to take the scheme forward.

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With the National Textile Corporation (NTC) deciding to reopen three of its textile mills in Tamil Nadu, trade unions here have demanded the reopening …

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NTC, which owns several defunct mills' land here, is also yet to go ahead with earlier plans to sell 55 acres of prime land, expected to earn it Rs 2,000 crore. Although it filed the development plans with the municipal corporation in early 2011, it is yet to get any approval. In phase-1 of its land auctions in 2005, NTC earned Rs 2,100 crore.

Realty major DLF has sold 17 acres of prime land in Mumbai to Lodha Developers for about Rs 2,700 crore, nearly four times higher than the price at …

The Mumbai land sale is part of DLF's plan to raise Rs 7,500 crore (Rs 75 billion) by March 2013 through non-core asset sales. Its debt was Rs 22,758 crore (Rs 227.58 billion) as of December 31, 2011.

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