Hinduja Group firm GOCL Corporation Ltd announced on Monday (March 23, 2026) that its board has approved the early monetisation of its land at Yelahanka, Bengaluru, known as the Ecopolis project. The 38-acre land parcel is held under a joint development agreement with Hinduja Realty Ventures Limited (HRVL), with the project currently undergoing de-notification from Special Economic Zone (SEZ) status. This represents a significant milestone in GOCL's strategy to unlock capital from non-core real estate assets while maintaining focus on core operations.
The monetisation will involve the sale of the entire land and buildings to a leading industrial group in India for a total consideration of around ₹2,261 crore. As reported by GOCL Corporation, the transaction will be executed in tranches, with GOCL expecting to receive approximately ₹815 crore upon completion. The deal is expected to close within six months, with an option to extend timelines through mutual agreement. The consideration is apportioned between GOCL and HRVL accordingly, with Hinduja Realty Ventures Limited having developed and managed the infrastructure including SEZ approvals, construction of buildings, and obtaining denotification at its own cost.
Shares of GOCL Corporation Ltd ended at ₹223.60, down by ₹12.90, or 5.45%, on the BSE following the announcement. According to CNBC TV18, this move comes as GOCL nears completion of monetising its land at Kukatpally, Hyderabad, and divesting its major subsidiary. With surplus liquidity and a strong asset base, the company plans to deploy resources into its next phase of transformation by entering the energy sector. The phased structure of the deal offers flexibility as the transaction progresses toward completion.
Last year, GOCL Corporation said its board of directors had given an in-principle approval to the acquisition of the thermal power operations of Hinduja National Power Corporation Limited (HNPCL), subject to necessary diligence. As reported by CNBC TV18, Hinduja National Power Corporation operates a 1,040 MW (2x520 MW) coal-based thermal power plant near Visakhapatnam, Andhra Pradesh, with potential for further capacity expansion. This strategic move represents GOCL's broader diversification into the energy sector as part of its capital redeployment strategy.