Incredible Industries Shares Climb Over 6% After Windmill Sale Agreement

Kolkata, October 29, 2025 – Incredible Industries shares surged over 6% to ₹46.60 on Wednesday morning after the company announced it had finalized a transaction to sell one of its windmill units in Maharashtra. Investors clearly reacted positively to the announcement, and the stock took off immediately afterward.

Incredible Industries Ltd, based in Kolkata since 1979, manufactures structural steel and related products for a wide range of industrial applications. The company has been listed on both the BSE and NSE since July 1, 2016, and is still going strong.

Price And Market Information

At 12:00 IST, Incredible Industries Ltd.’s share price was trading at ₹45.35, up ₹1.42, or 3.23%, from the previous close of ₹43.93. The share opened up at ₹44.36 and has ranged between ₹47.69 and ₹44.35 so far. The 52-week high and low for the company are ₹55.15 and ₹28.50, with a market cap of ₹205.40 Cr and a PE ratio of 14.10.

Windmill Sale Agreement Executed

Incredible Industries has announced that the sale of its Wind Mill Unit (K-342) to Technosteel Infraprojects Private Limited has been completed. The agreement was signed on October 27, 2025, nearly one year after the board of directors first approved it in February 2024.

Both the land sale deed and the asset purchase agreement were executed on the same day, with the company receiving a total consideration of ₹1.50 crore. The windmill asset was valued at ₹0.49 crore, representing 0.06% of total revenue, and had a net worth of ₹1.29 crore, accounting for 0.89% of the company’s total net worth in FY25.

The sale of the windmill evidences Incredible Industries’ focus on efficiencies and unlocking asset value. Though the asset was a minor contributor, it reinforces investors’ confidence, consistent with encouraging sentiment toward the company’s focus on strategic realignment and the potential for improved operational efficiencies

REF: https://nsearchives.nseindia.com/corporate/INCREDIBLE_27102025194007_Intimation_under_reg_30_IIL_27102025.pdf

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