Nila Infra gains after winning order

Nila Infrastructures rose 2.45% to Rs 8.36 at 14:06 IST on BSE after the company said it received another order of Rs 41.30 crore from Ahmedabad Municipal Corporation.

The announcement was made during trading hours today, 16 September 2015.

Meanwhile, the BSE Sensex was up 276.08 points, or 1.07%, to 25,982.01.

On BSE, so far 60,000 shares were traded in the counter, compared with an average volume of 63,000 shares in the past two weeks.

The stock hit a high of Rs 9.10 and a low of Rs 8.10 so far during the day. The stock hit a 52-week high of Rs 12.70 on 11 August 2015. The stock hit a 52-week low of Rs 4.32 on 8 October 2014.

Nila Infrastructures said the order from Ahmedabad Municipal Corporation calls for construction of 816 EWS residential flats, 24 shops, including internal infrastructure and development work within the plot at Ahmedabad. The project is for affordable housing scheme Phase II, EWS package - 1 involving overall construction of 23,367 square metres and is expected to be completed within 24 months.

Net profit of Nila Infrastructures rose 47.32% to Rs 3.02 crore on 16.89% rise in net sales to Rs 32.25 crore in Q1 June 2015 over Q1 June 2014.

Nila Infrastructures is an infrastructure company. It actively partakes in urban development in the form of EPC/turnkey projects of affordable housing schemes floated by government authorities.

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