Nitco Limited — Important, 16-12-2024: Updates

NITCO Limited has secured a new order valued at ₹105.40 Crore from Prestige Estates Projects Limited, indicating a significant business development. Additionally, it anticipates receiving further orders worth ₹104 Crore based on ongoing projects, expected to be confirmed by March 2025. This substantial inflow not only enhances NITCO's revenue prospects but also reflects positively on its operational capacity. The delivery timeline for the current order is approximately six months. Overall, this strategic win demonstrates NITCO’s solid footing in the domestic market and opens avenues for growth, making it a development to watch closely for potential investor interest.