Nila Infrastructure gets order from Ahmedabad Municipal Corporation for slum development
DSIJ Intelligence / 22 Jun 2017
Nila Infrastructures Limited is engaged in the construction and development of real estate and infrastructure projects. The company is focused on urban infrastructure projects and residential real estate.
On Wednesday, Nila Infrastructures Limited informed that it has secured a work order from Ahmedabad Municipal Corporation (AMC) for slum development under Public Private Partnership (PPP) Project.
Nila Infrastructures Limited is engaged in the construction and development of real estate and infrastructure projects. The company is focused on urban infrastructure projects and residential real estate.
The aim of the project is to rehabilitate about 360 slum-dwelling families living at Khodiyarnagar Asarwa, Ahmedabad. The total development cost of the project is approximately 25.16 crore.
The stock was trading flat at Rs 17.55 per share at 1503 hours on BSE. It hit a high of Rs 17.95 and a low of Rs 17.50 so far during the day.
The stock has delivered 50% returns in a period of one year. It has outperformed BSE small-cap and underperformed BSE Realty over the same period.
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