BOC India nets Rs 49cr from Bangalore land sale

BOC India has sold the land of its closed factory at Yeshwanthpur, Bangalore, along with structures standing thereon, for a consideration of Rs 48.95 crore.

According to a release issued by the company to the BSE today, the extra-ordinary profit arising from the transaction will be reported in the financial results for the quarter ending on September 30, 2005.

"The company had discontinued all operations at the Yeshwanthpur plant in Nov 2004 after the commissioning of a state-of-the-art liquid compression plant in Peenya Industrial Area in Bangalore," the release added.