Nila Infrastructures surges on bagging order worth Rs 585.9 million

21 Jun 2019 Evaluate

Nila Infrastructures is currently trading at Rs. 6.77, up by 0.24 points or 3.68% from its previous closing of Rs. 6.53 on the BSE.

The scrip opened at Rs. 6.53 and has touched a high and low of Rs. 7.14 and Rs. 6.53 respectively. So far 49416 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 15.00 on 28-Jun-2018 and a 52 week low of Rs. 5.80 on 18-Feb-2019.

Last one week high and low of the scrip stood at Rs. 7.14 and Rs. 6.11 respectively. The current market cap of the company is Rs. 271.78 crore.

The promoters holding in the company stood at 61.90%, while Institutions and Non-Institutions held 7.52% and 30.58% respectively.

Nila Infrastructures has received an order for development of Integrated Group Housing Facility at Sonaria Block, Rakhiyal-Asarwa, Ahmedabad on PPP Basis under ‘Redevelopment of Public Housing Scheme-2016’ of Urban Development & Urban Housing Department, Government of Gujarat. Ahmedabad Municipal Corporation (AMC) has estimated such development to cost Rs 585.9 million.

The project envisages overall construction of 760 Dwelling Units (DU) and 18 shops along with common amenities, infrastructure & development works of the entire site, and Supply, Installation, Testing and Commissioning (SITC) of Roof Top Solar PV System covering at least 50% of roof-area. It is to be executed within 24 months. The company has also agreed to develop 80 DU towards creation of additional Affordable Housing (AH) stock as premium to AMC.

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.

Nila Infrastructures Share Price

11.00 0.02 (0.18%)
22-Nov-2024 16:59 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 433.30
Macrotech Developers 1246.10
NBCC (India) 89.10
Phoenix Mills 1625.65
Ahluwalia Contract(I 926.35
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.