Nila receives AMC letter of intent for Rs 105.02 crore project

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Price reactionminutes from the announcement price · days from the prior close

+8.7%Reaction day

₹10.05

prior close

₹10.25

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+8.9% vs market

Residential Commercial Projects peers, median of 60sector-1.0%+9.6% vs sector

On the reaction day the stock moved 8.9 pts more than Nifty Microcap 250 and 9.6 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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30m

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Sessions after the filingfrom the prior close

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Reaction day

+8.7-0.3+8.9-1.0+9.6

Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 60Pending

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AI summary

Nila Infrastructures received a letter of intent from Ahmedabad Municipal Corporation on 7 October 2025 to redevelop the Kajimiya ni Chati slum through a PPP. The 30-month project covers 728 housing units and 25 shops, with total development cost of Rs 105.02 crore. Nila will receive transferable development rights worth Rs 56.51 crore and sell remaining units and shops for Rs 48.51 crore.

Likely market impact

Supports order visibility and future earnings, but benefits depend on project execution and sales of completed units and shops within 30 months.