Kilburn Engineering Ltd., a leading manufacturer of all type of Dryers and Drying Equipment in India, has entered into a MOU with Chemetall-Rai India Ltd. for buying about 8 acres of land at Goregaon (East), Mumbai for Rs 8.67 crore.

The above quoted price is exclusive of stamp duty, registration fees, site development expenses, MIDC charges etc.

The company intends to use the land for setting up a state-of-the-art manufacturing facility at the location which is expected to be operational from mid 2010.

It should be noted that Kilburn Engineering had entered into a MOU in July 2008 with Conwood Pre-Fab Ltd. for purchase of about 8 acres of land in Goregaon (East).

However, later this MOU was terminated by the company as the seller could not obtain the requisite approval within the stipulated period.

The latest deal is expected to be finalized within four months.