Latest news with #NitcoLtd
Business Upturn
19 hours ago
- Business
- Business Upturn
Nitco shares jump 3% after securing additional Rs 45 crore order from Prestige Estates
Nitco Ltd. shares rose 3% in early trade after the company announced a new business development with Prestige Estates Projects Ltd. Building on previous orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile supply order valued at approximately ₹45 crore. This takes the total order value from Prestige to ₹261 crore. The deal covers the supply of premium Tiles, Marble, and Mosaic products and is expected to be executed over the next 12 months. Nitco confirmed that the order is domestic and does not fall under related party transactions. Advertisement This marks a significant milestone in Nitco's long-standing collaboration with Prestige Estates—one of India's leading real estate developers. The continued partnership not only reflects strong demand for Nitco's product range but also reaffirms its execution strength in large-scale supply contracts. The development further strengthens Nitco's position in the institutional supply space and boosts its order book for FY2025- 26. Nitco shares moved in a tight range today, opening at ₹133.00 and, at the time of reaching, an intraday high of ₹135.00. The stock touched a low of ₹131.81 during the session. With its 52-week range between ₹69.00 and ₹150.00, Nitco continues to trade with moderate momentum. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
Business Upturn
19 hours ago
- Business
- Business Upturn
Nitco secures additional Rs 45 crore tile order from Prestige Estates, total deal value reaches Rs 261 crore
By Aman Shukla Published on June 23, 2025, 09:02 IST Nitco Ltd has announced a fresh development in its ongoing business collaboration with Prestige Estates Projects Limited. Building on earlier orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile order valued at approximately ₹45 crore. This brings the total value of orders from Prestige to around ₹261 crore. The entire order, which covers the supply of Tiles, Marble, and Mosaic products, is expected to be executed over the next 12 months. The agreement underscores the strong demand for Nitco's premium offerings and affirms the company's execution capabilities in large-scale supply contracts. This continued partnership with Prestige Estates—a reputed name in the Indian real estate sector—highlights the trust developers place in Nitco's quality and service standards. The latest order is purely domestic and falls outside the scope of related party transactions. With this development, Nitco further strengthens its foothold in the institutional supply segment, signaling a positive trajectory in its order book and overall growth momentum for FY2025-26. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
