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RDB Infrastructure wins 36-acre land allotment in Nava Raipur for solar cell manufacturing project on a 90-year lease basis
On Wednesday, Indian markets opened on a strong note, with the Nifty 50 rising 3.73 per cent to 23,986.05. Amid this, RDB Infrastructure and Power share price was trading at Rs 34.48, up 4.99 per cent from the previous close of Rs 32.84, following the company’s latest project development.
RDB Infra Secures Land for Solar Cell Manufacturing Project
RDB Infrastructure and Power Limited has received a Notice of Award from Nava Raipur Atal Nagar Vikas Pradhikaran for the allotment of an industrial plot to develop a solar cell manufacturing and processing project in Raipur, Chhattisgarh.
The company, in consortium with M/s Samvik Power Private Limited, has been allotted Industrial Plot LII/IND/PCD/1 at Nava Raipur, covering an area of approximately 36.45 acres (around 1,47,531 square metres). The land has been allotted at a premium rate of Rs 2,501 per square metre, taking the total land premium to approximately Rs 36.89 crore.
The plot will be held on a 90-year leasehold basis, with the lease agreement to be executed within 90 days from the date of the award. Lease rentals will be subject to revision every 30 years. The company clarified that the awarding entity is a domestic body and that there is no promoter or group company interest involved in the transaction.
About RDB Infrastructure and Power 
RDB Infrastructure and Power Limited, formerly known as RDB Realty & Infrastructure Limited, is an India-based company engaged in infrastructure development, Real Estate, and power-related projects. The company focuses on executing residential, commercial, and industrial projects, while also exploring opportunities in the renewable energy sector.
With its latest solar manufacturing initiative, the company aims to expand its presence in the clean energy space and align with India’s growing focus on renewable energy and domestic manufacturing capabilities.
The stock's 52-week range is Rs 31.58 and Rs 86.77. One-year stock return was down 43.26 per cent, while two- and three-year returns were 159.40 per cent and 714.48 per cent respectively.
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