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An announcement from Nila Infrastructures Limited ( (IN:NILAINFRA) ) is now available.
Nila Infrastructures Limited has received a Letter of Intent from the Ahmedabad Municipal Corporation for a slum rehabilitation project at ‘Kajimiya ni Chali’ in Ahmedabad. The project involves constructing 728 housing units and 25 commercial shops under the Slum Rehabilitation and Redevelopment Policy 2013, with a total development cost of INR 105.02 Crore. This contract, awarded under the Pradhanmantri Awas Yojna on a PPP basis, is expected to enhance the company’s portfolio in urban development and provide significant development rights and land value.
More about Nila Infrastructures Limited
Nila Infrastructures Limited operates in the infrastructure industry, focusing on construction and development projects. The company is engaged in various projects, including residential, commercial, and civic infrastructure, with a particular emphasis on urban development and rehabilitation initiatives.
Average Trading Volume: 199,999
Technical Sentiment Signal: Hold
Current Market Cap: 4B INR
See more insights into NILAINFRA stock on TipRanks’ Stock Analysis page.