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Nila Infrastructures advances on entering into two LoA for development of Bus Terminal

22 Mar 2017

Nila Infrastructures is currently trading at Rs. 16.95, up by 0.70 points or 4.31% from its previous closing of Rs. 16.25 on the BSE.

The scrip opened at Rs. 17.00 and has touched a high and low of Rs. 17.35 and Rs. 16.80 respectively. So far 16,29,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 19.90 on 06-Feb-2017 and a 52 week low of Rs. 10.25 on 24-Jun-2016.

Last one week high and low of the scrip stood at Rs. 17.40 and Rs. 16.15 respectively. The current market cap of the company is Rs. 666.80 crore.

The promoters holding in the company stood at 62.05%, while Institutions and Non-Institutions held 0.19% and 37.76% respectively.

Nila Infrastructures has entered into a two separate Letter of Acceptance (LoA) with Gujarat State Road Transport Corporation (GSRTC) for development of Bus Terminal under Public Private Partnership.

The first LoA is executed by the company for development of Amreli Bus Terminal and another LoA is executed in consortium with Vyapti Infrabuilt for development of Modasa Bus Terminal.

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.

Related Nila Infrastructures Ltd. Links:

Nila Infrastructures Share Price

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323