Update on another significant Marble Order amounting to INR 66.65 Crores, received from M/s. Prestige Estates Projects Limited
NITCO · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nitco Limited has received an additional marble order worth INR 66.65 Crores from Prestige Estates Projects Limited. This brings the total aggregate order value from this client to approximately INR 347.09 Crores. The order is for domestic supply of marble and is expected to be executed over approximately 12 months. This is a repeat order from a major real estate developer, reflecting continued business relationship. The company clarified that the order does not involve any related party transaction and the promoter group has no interest in Prestige Estates Projects Limited.
This is a positive development for Nitco, adding to its order book from a prominent developer. The cumulative order value of INR 347.09 Crores signals strong demand for the company's marble products and provides revenue visibility for the next 12 months.