Nila Infrastructure Secures Rs.63.52 Crore Work Order; Shares Surge Over 10%

Summary:

Nila Infrastructure has received a significant work order from Shree Infracon Private Limited (SIPL) for the Finishing Work (including material and labour) in connection with the Slum Rehabilitation Project popularly known as 'Ramapir no Tekro' at Wadaj, Ahmedabad.

Stock Market Reaction:
  • Following this announcement, Nila Infrastructure's share price jumped by more than 10%, reaching Rs.10.82. 
  • The company’s market capitalization now stands at Rs.395.86 crore.
Key Data Points: 
  • Order Value: Rs. 63.52 Crore
  • Client: Shree Infracon Private Limited (SIPL)
  • Project: Finishing Work (including material & labour) for Slum Rehabilitation Project – Ramapir no Tekro, Wadaj, Ahmedabad
  • Original Awarding Authority: Ahmedabad Municipal Corporation (AMC) under Slum Rehabilitation and Redevelopment Policy 2013 (Pradhan Mantri Awas Yojana)
  • Scope of Work: Finishing Work & 7-year Operation & Maintenance Defect Liability
 About the Company:

Incorporated in 1990, Nila Infrastructures Ltd is involved in the construction and development of infrastructures projects

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