Nila Infrastructures soars on securing order worth Rs 1,072.8 million

16 Oct 2017

Nila Infrastructures is currently trading at Rs. 19.40, up by 0.60 points or 3.19% from its previous closing of Rs. 18.80 on the BSE.

The scrip opened at Rs. 19.15 and has touched a high and low of Rs. 20.05 and Rs. 19.10 respectively. So far 781493 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. 20.05 and Rs. 17.90 respectively. The current market cap of the company is Rs. 764.15 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 construction contract worth Rs 1,072.8 million from Jodhpur Development Authority (JoDA), Government of Rajasthan (GoR) for construction of Economically Weaker Section (EWS) and Low Income Group (LIG) Houses with G+3 pattern and internal Development as per Model No. 4A (i) of Chief Minister Jan Awas Yojana 2015 at Khasra, Village Barli, District Jodhpur.

The project envisages overall construction of about 1.2 million sq. ft. built-up area and has to be completed within 48 months. The township / complex / campus will comprise total 3,152 residential units i.e. 2,128 for EWS with approximately 325 sq. ft. super built-up area and 1,024 for LIG with approximately 500 sq. ft. super built-up area. The Company will also get the balance vacant land of 7.5 acres towards part-remuneration, once the project reaches 50% completion.

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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