Nila Infrastructures advances on bagging work order worth Rs 25.16 crore

22 Jun 2017

Nila Infrastructures is currently trading at Rs. 17.60, up by 0.05 points or 0.28% from its previous closing of Rs. 17.55 on the BSE.

The scrip opened at Rs. 17.90 and has touched a high and low of Rs. 17.90 and Rs. 17.60 respectively. So far 9602 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. 18.20 and Rs. 17.40 respectively. The current market cap of the company is Rs. 692.37 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 0.48% and 37.54% respectively.

Nila Infrastructures has received a work order from Ahmedabad Municipal Corporation (AMC) for the Integrated Slum In-situ Development for Public Private Partnership (PPP) Project (Package-13) of approximately 360 residential units at Ahmedabad under Urban Development & Urban Housing Department, Government of Gujarat’s Slum Rehabilitation and Redevelopment Policy-2013.

The Project envisages to rehabilitate about 360 slum-dwelling families living at Khodiyarnagar Asarwa, Ahmedabad. The total area under the project of approximately 6,085 square meters will be redeveloped in 24 months at a total development cost of approximately Rs 25.16 crore. As remuneration, the company will get the balance vacant land of approximately 1893 square meters worth Rs 7.58 crore and the Transferable Development Rights (TDR) of Rs 17.58 crore.

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.

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Nila Infrastructures Share Price

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