Nila Infrastructures Limited bags construction order for Rs. 101.64 crore

Nila Infrastructures Limited has today received work for construction of 1694 Residential flats (R.C.C. Work, Masonary Work, Frame fitting with Plaster Work - Material + Labour} at Ramapir No Tekro, Wadaj, Ahmedabad.

The project given to the Company is for the construction and development of residential units by rehabilitating Slums popularly known as 'Ramapir no Tekro' at Wadaj - Ahmedabad. The project has originally been awarded by Ahmedabad Municipal Corporation (AMC) to Shree Infracon Private Limited (SIPL) under the Slum Rehabiliation and Redevelopment Policy 2013 pursuant to Pradhanmantri Awas Yojna.

SIPL has given the work of construction and development of the project to the Company for construction and development of 1694 residential units for total development cost of INR 101.64 crore.

Shares of Nila Infrastructures Limited was last trading in BSE at Rs. 5.59 as compared to the previous close of Rs. 5.61. The total number of shares traded during the day was 145011 in over 374 trades.

The stock hit an intraday high of Rs. 5.71 and intraday low of 5.47. The net turnover during the day was Rs. 810535.00.

Source : Equity Bulls

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