About NTCL. National Textile Corporation Limited, (NTC) is a schedule “A” public sector company under the ambit of Ministry of Textile, Government of India, engaged in production of yarn and fabric through its 23 mills in operation, located all over India with 8.2 lac spindles and 408 looms producing around 550 lac kgs of yarn and 200 lac meters of fabric per annum.
Read MoreJul 24, 2007 Of the 17 mills that NTC has in Mumbai, two each would be handed to Maharashtra government and Mumbai administration. "After transferring two mills each to Maharashtra Housing and Area Development Authority (MHADA) and Brihanmumbai Municipal Corporation (BMC), 11 mills would be available for sale to real estate developers," a government source ...
Read MoreNTC has drawn a roadmap to generate Rs. 5000 crore during the current financial year by selling most of its properties in the city of Mumbai and a few small size properties in the city of Indore, Kanpur, Bangalore, Coimbatore, etc. The main resources will be from the city of Mumbai by selling the balance 2,24,500 sq m of land.
Read MoreJun 18, 2010 Read more about In a first, NTC to sell Mumbai land in e-auction on Business Standard. State-owned National Textile Corporation (NTC) today floated tenders for selling its 10.5-acre Poddar Mills land in Mumbai through online auction. It has set a reserve price of Rs 250 crore for the plot with a built-up area of 10,458 square metres.
Read MoreJul 31, 2010 MUMBAI: The National Textiles Corporation (NTC), which has reaped a windfall by selling off its properties in Mumbai since 2005, got another Rs 474 crore in its kitty on Saturday after Indiabulls ...
Read MoreNTC has drawn a roadmap to generate Rs. 5000 crore during the current financial year by selling most of its properties in the city of Mumbai and a few small size properties in the city of Indore, Kanpur, Bangalore, Coimbatore, etc. The main resources will be from the city of Mumbai
Read MoreMar 03, 2009 This is the sixth NTC mill to be put up for sale in Mumbai. Three years ago, at the height of the property boom, the corporation sold five of its mills in central Mumbai, which fetched it Rs 2,200 ...
Read MoreJun 18, 2010 Read more about In a first, NTC to sell Mumbai land in e-auction on Business Standard. State-owned National Textile Corporation (NTC) today floated tenders for selling its 10.5-acre Poddar Mills land in Mumbai through online auction. It has set a reserve price of Rs 250 crore for the plot with a built-up area of 10,458 square metres.
Read MoreOct 28, 2010 MUMBAI: Encouraged by the overwhelming response to its Poddar Mill and Bharat Mill land auctions, National Textiles Corporation (NTC) is now looking to dare the market by putting up another 8-acre mill land at the prime location of Prabhadevi on the block as early as December. Around 4 acres of the total 12-acre land, part of India United Mills No. 6 situated on Cadel Road, is likely to be ...
Read MoreDec 04, 2019 NTC to sell more mill land 13 May, 2010, 01.02 AM IST. State-owned National Textile Corporation (NTC) plans to raise over Rs 6,000 crore from sale of around 100 real estate properties spread over five cities — Mumbai, Indore, Kanpur, Calcutta and Bangalore.
Read More'Prices soared even over the period we sold our mills in the first phase. While we got Rs.7,000 per sq ft for the sale of the 14-acre Mumbai Mills in Lower Parel (sold to Indiabulls), a months later we got Rs.15,000 per sq ft for the sale of the 4.9-acre-Kohinoor Mills in Dadar, both in central Mumbai,' the NTC
Read MoreThe cotton mill era and its decline. The mills of Girangaon were once integral to Mumbai's economy, particularly during the British colonial period, when Mumbai (then known as Bombay) was often referred to as the "Manchester of the East". However, with the development of newer industries in and around Mumbai, these mills ceased to be profitable, and fell into a state of disrepair.
Read MoreMar 07, 2006 NTC, Appolo Textile Mills, Mumbai Textile Mills, Elphinstone Mills, Kohinoor Mills Numbar 3, Jupitor Mills, Bombay Dyeing and several others had challenged the high court judgement.
Read MoreMar 13, 2006 NTC, which owns about 25 mills in Mumbai, auctioned five mills for about $500 million, and other private mills also began negotiations with developers. ... which developers were hoping to
Read MoreAug 13, 2012 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
Read MoreAug 01, 2010 Mumbai: Mill land sold for Rs 474 crore. New Delhi: Financial and realty major Indiabulls Infratech has emerged as the auction winner of 2.39 acres of prime land belonging to NTC
Read MoreJan 20, 2010 "The realty market is reviving in Mumbai and we have taken a decision to auction these closed mills. We expect Rs 12,000 per sq foot," NTC CMD K Ramachandran Pillai said on Tuesday. The NTC, with 25 mills in the city, had sold five plots at Rs 2,200
Read MoreFeb 26, 2011 South Mumbai -- the land furthest downtown on the peninsula -- is the city's most valuable area. Two neighboring plots of land, Bharat Textile Mills and Podar Mills account for 8.37 and 2.39 acres respectively. They're the only land parcels that large, and that close in proximity, available in downtown Mumbai.
Read MoreThe 2005 auction of the NTC-run Elphinstone Mills and Jupiter Mills had seen record rates of Rs 441 crore and Rs 276 crore respectively, and the 17-acre Mumbai Textile Mills had fetched Rs 702 ...
Read MoreJun 18, 2010 Read more about In a first, NTC to sell Mumbai land in e-auction on Business Standard. State-owned National Textile Corporation (NTC) today floated tenders for selling its 10.5-acre Poddar Mills land in Mumbai through online auction. It has set a reserve price of Rs 250 crore for the plot with a built-up area of 10,458 square metres.
Read MoreOct 28, 2010 MUMBAI: Encouraged by the overwhelming response to its Poddar Mill and Bharat Mill land auctions, National Textiles Corporation (NTC) is now looking to dare the market by putting up another 8-acre mill land at the prime location of Prabhadevi on the block as early as December. Around 4 acres of the total 12-acre land, part of India United Mills No. 6 situated on Cadel Road, is likely to be ...
Read MoreAug 01, 2010 Mumbai: Mill land sold for Rs 474 crore. New Delhi: Financial and realty major Indiabulls Infratech has emerged as the auction winner of 2.39 acres of prime land belonging to NTC
Read MoreDec 04, 2019 NTC to sell more mill land 13 May, 2010, 01.02 AM IST. State-owned National Textile Corporation (NTC) plans to raise over Rs 6,000 crore from sale of around 100 real estate properties spread over five cities — Mumbai, Indore, Kanpur, Calcutta and Bangalore.
Read MoreMar 07, 2006 SC gives nod to Mumbai mill land sale; ... 25 textiles mills spread over 285 acres in prime locations of the city estimated to be worth around Rs 5,000 crore. ... had bought NTC mills in Mumbai ...
Read MoreMar 13, 2006 NTC, which owns about 25 mills in Mumbai, auctioned five mills for about $500 million, and other private mills also began negotiations with developers. ... which developers were hoping to
Read MoreJan 20, 2010 "The realty market is reviving in Mumbai and we have taken a decision to auction these closed mills. We expect Rs 12,000 per sq foot," NTC CMD K Ramachandran Pillai said on Tuesday. The NTC, with 25 mills in the city, had sold five plots at Rs 2,200
Read MoreJul 14, 2010 MUMBAI: Mafatlal Industries, part of the Arvind Mafatlal group, has put its closed textiles mill in central Mumbai up for sale to cash in the rapid demand recovery in the city’s realty market. The proposed sale of seven acres, or roughly 28,000 square meters, of mill land might earn the ailing company at least Rs 1,000 crore, said a real ...
Read MoreAug 13, 2012 Realty major DLF has sold 17 acres of prime land in Mumbai to Lodha Developers for about Rs 2,700 crore, nearly four times higher than the price at
Read MoreFeb 26, 2011 South Mumbai -- the land furthest downtown on the peninsula -- is the city's most valuable area. Two neighboring plots of land, Bharat Textile Mills and Podar Mills account for 8.37 and 2.39 acres respectively. They're the only land parcels that large, and that close in proximity, available in downtown Mumbai.
Read MoreAug 27, 2012 Lakshmi said NTC has garnered Rs 6,173 crore from sale of 1,432 acres of land in its various mills including Bharat Mills, Mumbai Textile Mills, Apollo Textile Mills and Indore Malwa United Mills ...
Read MoreSale of excess land of textile mills owned by it in Mumbai and other cities has helped NTC raise huge sums in recent years. The state-owned corpora-tion has sold surplus land of over 70 mills owned by it in different states, fetching it over US$ 800 million. In Mumbai alone, NTC
Read MoreJan 19, 2010 Around 2,500 workers are now employed in the three modernised mills, according to NTC. Mr. Chavan also announced plans for a museum on Mumbai’s textile history.
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