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Nila Infrastructures trades higher on entering into MoU with Government of Rajasthan

05 Nov 2015 Evaluate

Nila Infrastructures is currently trading at Rs. 13.03, up by 1.57 points or 13.70% from its previous closing of Rs. 11.46 on the BSE.

The scrip opened at Rs. 11.40 and has touched a high and low of Rs. 13.63 and Rs. 11.29 respectively. So far 1453934 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 13.63 on 05-Nov-2015 and a 52 week low of Rs. 4.51 on 07-Nov-2014.

Last one week high and low of the scrip stood at Rs. 13.63 and Rs. 11.05 respectively. The current market cap of the company is Rs. 484.26 crore.

The promoters holding in the company stood at 59.78% while Non-Institutions held 40.22% stake in the company.

Nila Infrastructures (Nila) has entered into a Memorandum of Understanding (MoU) with Department of Urban Development and Housing, Government of Rajasthan at Resurgent Rajasthan 2015 - Partnership Summit. Nila has signed the MOU of Rs 400 crore for construction of urban infrastructure projects including affordable houses under Affordable Housing Policy that allows private developers to get Transferable Development Rights (TDR).

Nila is planning to execute urban infrastructure construction projects including affordable houses on land area of total approximate 40 hectares within Rajasthan over a period of 4 years. Under this MOU, the State Government will facilitate smooth implementation of the project(s) by offering a 'Single Window Service' through concerned local authorities.

Nila Infrastructures is a growing entity in the real estate and urban infrastructure space. The company has been engaged in turnkey civic infrastructure constructions, besides the development and marketing of residential real estate schemes.

 

 

Nila Infrastructures Share Price

8.65 0.23 (2.73%)
17-Apr-2026 16:59 View Price Chart
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Company Name CMP
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