Bhagyanagar India Inks Rs 60 Crore Uppal Land Sale Plus Development Pact

Board approved MOU with Om Sree Builders for 20,081 sq yds Uppal land: outright sale of 7,260 sq yds for Rs 60 Cr plus joint development of balance 12,821 sq yds with 30% share ~3 lakh sq ft. First of three retained city parcels to move post copper demerger, unlocking residual landco value; MOU subject to shareholder approval, definitive deeds within 6 months. Rs 60 Cr upfront plus 30% of JD saleable area aids cashflow; developer unrelated, no special rights. Use of proceeds, project timelines not disclosed.