Supertech lost Rs 500 crore due to Twin towers demolition
Sun, Aug 28, 2022 4:33 PM

Supertech lost Rs 500 crore due to Twin towers demolition

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Supertech Ltd has incurred a loss of approximately Rs 500 crore, including construction and interest costs, due to the demolition of its twin towers--Apex and Ceyane--in Noida. The nearly 100-metre-tall twin towers were razed to the ground at 2.30 pm on Sunday according to the Supreme Court's directions. The cost of the demolition itself is projected to be around Rs 20 crore.

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