Birla Estates Acquires 24.5 Acres in Thane’s Kalwa for ?537 Crore

Birla Estates, a subsidiary of the Aditya Birla Group, has completed the acquisition of a 61-acre plot at Thane's Kalwa location from Hindalco Industries for Rs 5.37 billion. The sale of the land was approved by Hindalco's board in July and has now been registered, with Rs 376.2 million paid as stamp duty.

This follows another major acquisition by the Aditya Birla Group earlier this week, when Century Textiles acquired a 10-acre land parcel in Mumbai's Worli area for Rs 1,100 crore from Nusli Wadia, chairman of the Wadia Group.

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