Nitco has received a letter of intent (LoI) from Prestige Estates Projects for an additional order for Tiles worth around Rs 45 crore. Therefore, total orders received from Prestige Estates Projects (including the current LoI) stands at around Rs 261 crore, to be executed potentially over the period of twelve months.
Earlier, the company had received orders for Tiles, Marble and Mosaic worth Rs 216 crore from Prestige Estates Projects.
Nitco is engaged in the manufacture of ceramic tiles, vitrified tiles, mosaico, marble, cement terrazzo tiles and cement.
