Nitco Share Price Rose on Receiving ₹111 Crore Order from Prestige Estates

Nitco Limited has informed the stock exchanges that it has received purchase orders worth ₹111 crore from Prestige Estates Projects Limited. The order is for the supply of tiles and marble and will be executed over a period of approximately six months.

As of 9:30 AM on May 2, 2025, Nitco share price was trading at ₹132.84, a 2.59% up, showing a 7.19% rise over the past six months and an 80.54% gain over the past year.

Order Details

According to the company’s filing dated April 30, 2025, this order is domestic in nature and involves the supply of tiles and marble as part of ongoing project discussions with Prestige Estates. The new order follows Nitco’s earlier disclosure made on December 16, 2024, in which the company had mentioned anticipated orders amounting to ₹104 crore.

Value and Timeline

The confirmed order value now stands at ₹111 crore, which is ₹7 crore higher than the earlier anticipated figure. The contract does not involve any international components and will be carried out within India. The estimated timeline for completing the delivery is around six months.

SEBI Filing and Compliance

The disclosure has been made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and follows the SEBI circular issued on July 13, 2023. The filing was submitted to both BSE and NSE  and the order was signed off by Vivek Talwar, Chairman and Managing Director of Nitco Limited.

Additional Information

Nitco confirmed that the order is not a related party transaction and that there is no promoter or promoter group interest in Prestige Estates Projects Limited. The order is strictly for the supply of materials and does not include any service component.

Read More: India’s Real Estate Boom: Land Acquisitions and Project Development Skyrocket

Conclusion

Nitco has officially disclosed the receipt of a ₹111 crore domestic order from Prestige Estates for tiles and marble. The transaction is expected to be fulfilled over six months and complies with current SEBI regulations on material disclosures.

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