BOM:532722

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NITCO, House of Abhinandan Lodha Form JV for Alibaug Project

NITCO (NSE:NITCO, BOM:532722) has partnered with The House of Abhinandan Lodha to develop a mixed-use project in Alibaug, Maharashtra.The project will span 40 acres and is expected to generate about 45 billion Indian rupees in revenue over five years, with NITCO's share estimated at about 15 billion rupees, according to an Indian bourse filing on Wednesday.The development will be carried out in phases and is expected to include luxury apartments, townhouses, hospitality facilities and a boutique hotel. The partnership remains subject to necessary approvals and definitive agreements.

BOM:532722NSE:NITCO

Asia106d ago

NITCO Receives Additional Marble Order Worth INR667 Million From Prestige Estates; Shares Jump 5%

NITCO (NSE:NITCO) received an additional marble supply order worth 666.5 million Indian rupees from Prestige Estates Projects, according to a Tuesday filing on Indian bourses.Shares of the company jumped nearly 5% in Wednesday's trade.With the latest order, the aggregate order value from Prestige Estates stands at about 3.47 billion rupees, the company said in the filing.The company expects to execute the order over around 12 months, the filing said.

BOM:532722NSE:NITCO

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