Gujarat-based penny stock under Rs 15: Company receives order worth Rs 56.51 crore from Ahmedabad Municipal Corporation (AMC)
DSIJ Intelligence-1 / 08 Oct 2025/ Categories: Penny Stocks, Trending
The stock is up by 36.3 per cent from its 52-week low of Rs 8.21 per share.
On Wednesday, shares of Nila Infrastructures Ltd gained 11.12 per cent to an Intraday high of Rs 11.19 per share from its previous closing of Rs 10.07 per share. The stock’s 52-week high is Rs 15.37 per share while its 52-week low is Rs 8.21 per share. The stock is up by 36.3 per cent from its 52-week low of Rs 8.21 per share.
Nila Infrastructures Limited has received a significant Letter of Intent (LOI) from the Ahmedabad Municipal Corporation (AMC) for a slum rehabilitation and redevelopment project titled "Kajimiya ni Chali" in Ahmedabad. This domestic contract, valued at a total development cost of Rs 105.02 crore, involves the Construction of 728 housing units and 25 commercial shops under a Public-Private Partnership (PPP) model, pursuant to the Pradhan Mantri Awas Yojana (PMAY) and the Slum Rehabilitation and Redevelopment Policy 2013. The company is set to execute the project over a period of 30 months, and the development cost will be met through a combination of Transferable Development Rights (TDR) valued at Rs 56.51 Crore and the sale of a free sale component worth Rs 48.51 Crore.
Earlier, the company received an order from the Mahesana Municipal Corporation, valued at Rs 12,75,40,000. The contract is for the engineering, construction, and commissioning of a 2.0 MLD Sewage Treatment Plant (STP) in Mahesana, Gujarat. The project includes a five-year operation and maintenance (O&M) period, which will be supported by a 24x7 cloud-based monitoring system. The construction phase is scheduled for completion within 12 months.
About the Company
Nila Infrastructures Limited, incorporated in 1990, is a flagship unit of the Ahmedabad-based Sambhaav Group. The company is involved in the construction of affordable housing projects and the development of various infrastructures.
Talking about the financials, the company has a market cap of over Rs 400 crore and reported amazing numbers in its Quarterly Results (Q1FY26) and annual results (FY25). According to quarterly results, the net sales increased by 124 per cent to Rs 92.60 crore and net profit increased by 34 per cent to Rs 6.71 crore in Q1FY26 compared to Q1FY25. Looking at its annual results, the net sales increased by 34 per cent to Rs 247 crore and net profit increased by 82 per cent to Rs 20 crore in FY25 over FY24.
Disclaimer: The article is for informational purposes only and not investment advice.