Archive · 1 Oct 2025
KRBL Wins ₹403 Crore Bid for Haryana Properties
Imagine a company that makes a popular rice brand called India Gate.
This company, KRBL Limited, bid on some land in Haryana at an auction.
They won!
The auction was held by a special group called the Justice (Retd.)
R.M. Lodha Committee.
KRBL paid a large sum, over ₹402 crore, which was much more than the starting price.
The land will be used to build things like a plant or for storing goods.
It's a big deal for the company, as it allows them to grow and expand their operations.
Also, there was an allegation made by a former board member, that is now being investigated by an external auditor.
KRBL Limited was the successful bidder in an e-auction.
The bid was for properties in Panipat, Haryana.
The winning bid was ₹402.86 crore.
The properties will be used for business operations or partial land monetization.
An external auditor will review allegations made by a former director.
- Who
- KRBL Limited (India Gate brand owner) successfully bid on Haryana properties.
- What
- KRBL Limited won an e-auction for immovable properties.
- When
- The e-auction was conducted on Wednesday, October 1st.
- Where
- The properties are located in Panipat, Haryana.
- Why
- The properties will be used for setting up a plant, carrying out warehousing and allied activities, or for partial monetization of land.
- Successful Bidder
- KRBL Limited
- Bid Amount
- ₹402.86 crore
- Properties Location
- Panipat, Haryana
- Auction Conducted By
- Justice (Retd.) R.M. Lodha Committee
- Intended Use
- Setting up a plant, warehousing, or partial land monetization
- Reserve Price
- ₹104.09 crore
- Share Price
- ₹345.00 (up ₹0.45, or 0.13%)