Announced Thu, 27 Aug, 2026 · 13:26 IST
Nila Infrastructures loses INR 142.73 Cr redevelopment order from Gujarat Housing Board
NILAINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.9%1-day move
₹7.00
prior close
₹6.93
base price
In-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.4+0.0-0.6-2.9-4.0-3.6-4.1-4.1-4.1-5.3-2.6——
Up moveDown movePending
AI summary
Gujarat Housing Board (GHB) has cancelled the redevelopment work order for Nirmal Apartment originally awarded to Nila Infrastructures on 27 October 2023. The project involved constructing 300 high income group residential units and 18 commercial shops through redevelopment, valued at INR 142.73 crore. GHB returned the bank EMD deposited by the company. As a result, the company's order book will reduce by INR 142.73 crore.
Likely market impact
Order book reduces by INR 142.73 crore. Bank EMD will be refunded. Negative for near term revenue visibility.