Mumbai, Sept 10 (Udaipur Kiran): Shares of Nila Infrastructures gained over 1.5% on Tuesday after the company announced it has received a letter of intimation worth Rs 12.75 crore from the Mahesana Municipal Corporation in Gujarat.

The stock was trading at Rs 10.65 on the BSE, up 0.16 points or 1.53% from its previous close of Rs 10.49. It opened at Rs 10.49 and touched a high of Rs 10.94 and a low of Rs 10.49. Trading volume stood at 48,326 shares.

Order Details

The contract involves the engineering, construction, commissioning, and five years of operation and maintenance (O&M) of a 2.0 MLD sewage treatment plant (STP) at Mahesana. The facility will also feature 24×7 cloud-based monitoring.

As per the order, construction must be completed within 12 months, followed by five years of O&M services.

Stock and Market Overview

The BSE Group ‘B’ stock, with a face value of Re 1, has a 52-week high of Rs 15.37 (Jan 2, 2025) and a 52-week low of Rs 8.21 (Mar 4, 2025).

Over the past week, the stock traded between Rs 11.03 (high) and Rs 10.23 (low). The company’s market capitalisation currently stands at Rs 419.49 crore.

Promoters hold 61.90%, while institutions own 0.49% and non-institutional investors 37.61%.

Company Profile

Nila Infrastructures is engaged in the construction of luxury bungalows, residential and commercial buildings, as well as infrastructure projects including industrial estates, roads, plots, sheds, and lighting.