Nitco Limited receives order worth Rs. 45 crores from Prestige Estates Projects Ltd

As part of the ongoing project discussions, Nitco Limited had received orders for Tiles, Marble and Mosaic worth Rs. 216 Crores from Prestige Estates Projects Limited.

The Company has received a Letter of Intent (LoI) from Prestige Estates Projects Limited for an additional order for Tiles worth approximately Rs. 45 Crores. Therefore, total orders received from Prestige Estates Projects Limited (including the current LoI) stands at approximately Rs. 261 Crores, to be executed potentially over the period of twelve months.

This additional order reflects the robust business environment and showcases the continued trust placed in the Company's execution capabilities by reputed developers like Prestige Estates.

Shares of Nitco Limited was last trading in BSE at Rs. 130.15 as compared to the previous close of Rs. 129.05. The total number of shares traded during the day was 28707 in over 1085 trades.

The stock hit an intraday high of Rs. 131.40 and intraday low of 127.35. The net turnover during the day was Rs. 3731733.00.

Source : Equity Bulls

Keywords

Nitco INE858F01012 LoI OrderWin PrestigeEstatesProjects