NITCO bags fresh order worth ₹105 crore from Prestige Group – CNBC TV18
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NITCO will supply tiles and marble to Prestige Group’s several real estate projects spread across various cities in India.
“The promoters of NITCO have a 40-year-old relationship with the Razaak family of the Prestige Group, which exclusively buys its requirements from NITCO,” it said.
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Vivek Talwar, Managing Director, NITCO, said, “We are delighted to strengthen our association with the Prestige Group, a name synonymous with excellence in real estate with projects in Bangalore, Hyderabad, Chennai, Cochin, NCR, Mumbai, Pune and Goa. This order is a testament to NITCO’s commitment to delivering world-class marble and tiles, which enhance the aesthetic appeal of India’s finest properties.”
Earlier this week, NITCO said it has secured a ₹105.40 crore order from Prestige Estates Projects Ltd for the supply of tiles, marble, and mosaic. The order is set to be executed within six months.
Based on the Prestige’s ongoing projects, NITCO’s order size has increased to about ₹210 crore.
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Shares of NITCO Ltd ended at ₹144, down by ₹3.45, or 2.34%, on the BSE.
(Edited by : Shoma Bhattacharjee)
