Nitco Limited Secures Additional Marble Order Worth INR 66.65 Crores from Prestige Estates
Nitco Limited announced the receipt of a significant additional marble order from M/s. Prestige Estates Projects Limited, enhancing its current project pipeline. The new order is valued at INR 66.65 Crores (excluding taxes).This latest contract increases the total value of orders received from M/s. Prestige Estates Projects Limited to approximately INR 347.09 Crores. Previously, the total orders received from the developer, excluding this current transaction, stood at approximately INR 280.44 Crores.
The announcement highlights the company's continued operational execution and its established relationship with major developers, including M/s. Prestige Estates Projects Limited.
Order Details
The new contract is categorized as a domestic order for the supply of Marble, with a potential execution period spanning approximately twelve months.Key details regarding the order are as follows:
| Parameter | Detail |
|---|---|
| Ordering Entity | M/s. Prestige Estates Projects Limited |
| Nature of Order | Domestic supply of Marble |
| New Order Value | INR 66.65 Crores (excluding taxes) |
| Aggregate Order Value | INR 347.09 Crores |
| Potential Execution Period | Approximately twelve months |
NITCO Stock Price Movement
Shares of Nitco Limited today slipped by 5.69% to settle at ₹98.21, finishing the session far below its previous close. The stock traded on a volume of 1.12 million shares, shedding ₹5.99 from its opening level.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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