Nila Infrastructures gains on bagging work order worth Rs 51.11 crore

19 Sep 2017

Nila Infrastructures is currently trading at Rs. 19.00, up by 0.15 points or 0.80% from its previous closing of Rs. 18.85 on the BSE.

The scrip opened at Rs. 18.90 and has touched a high and low of Rs. 19.65 and Rs. 18.60 respectively. So far 896443 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 21.05 on 24-Jul-2017 and a 52 week low of Rs. 11.87 on 23-Nov-2016.

Last one week high and low of the scrip stood at Rs. 20.10 and Rs. 18.20 respectively. The current market cap of the company is Rs. 753.35 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 2.42% and 35.60% respectively.

Nila Infrastructures has received a work order pertaining to EPC contract worth Rs 51.11 crore from Adani Group’s Shantigram Estate Management for construction of ‘Inspire Business Park’ Project (Basement and Towers CH1 to CH9) at Shantigram, Ahmedabad.

The project envisages overall construction covering about 400,000 square feet built-up area and has to be completed by October 15, 2018.

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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323