NITCO Limited, a leading supplier of tiles, marble, and mosaics, has received a significant order valued at ₹105.40 crore from Prestige Estates Projects Limited. The order, focused on the domestic market, is slated for completion within six months.
Additionally, NITCO anticipates further orders worth ₹104 crore from Prestige Estates based on ongoing projects. These orders are expected to be finalized by March 2025. Together, the confirmed and expected orders amount to a total value of ₹209.4 crore, strengthening NITCO’s business pipeline with Prestige Estates.
This disclosure aligns with the requirements of the Securities and Exchange Board of India (SEBI) (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023. NITCO’s promoter/promoter group and related entities have no financial interest in Prestige Estates Projects Limited, and the transaction does not qualify as a related party transaction.
