Nila Infrastructures Limited receives LOA from Gujarat Housing Board

Nila Infrastructures Limited has today on 24/08/2023 received Letter of Acceptance from Gujarat Housing Board for construction of affordable housing.

The project awarded to the Company is for the redevelopment work, of Integrated Group Housing Facility.

The project envisage construction of 48 Middle Income Group (MIG) affordable housing units for total development cost of almost INR 17.94 Crore.

The project shall be on PPP basis whereby the Company shall receive transferable development rights of aggregate value of INR 9.00 Crore and realization of additionally constructed 20 housing units and 36 commercial shops as consideration.

Shares of Nila Infrastructures Limited was last trading in BSE at Rs. 5.34 as compared to the previous close of Rs. 5.47. The total number of shares traded during the day was 138032 in over 273 trades.

The stock hit an intraday high of Rs. 5.75 and intraday low of 5.31. The net turnover during the day was Rs. 764737.00.

Source : Equity Bulls

Keywords

NilaInfrastructures INE937C01029 LOA GujaratHousingBoard AffordableHousing