NITCO Bags ₹111 Crore Deal from Prestige Group.

NITCO Ltd, a prominent player in the tiles and marble industry, today announced a significant win, securing new orders worth ₹111 crore from the Prestige Group, a leading real estate developer. This latest agreement surpasses the ₹104 crore order value initially projected in December 2024, bringing the total value of orders from Prestige Group to ₹216 crore since the end of last year.

According to the company's announcement, these orders will cater to Prestige Group's extensive portfolio of ongoing real estate projects spanning across six major Indian metropolitan cities: Bengaluru, Hyderabad, Chennai, Mumbai, Pune, and the National Capital Region (NCR).

Vivek Talwar, Chairperson and Managing Director of NITCO Limited, expressed his enthusiasm about the strengthening collaboration between the two entities. "This repeat order of ₹111 crore from Prestige Group is a testament to our consistent quality, timely delivery, and the strong relationship we have built," he stated. "It further solidifies NITCO’s position as a preferred supplier of high-end tiles and marble solutions for premium real estate developments across the country."

This substantial deal underscores the robust growth in the real estate sector and highlights NITCO's ability to capitalize on the demand for quality building materials in large-scale projects. The combined order value of ₹216 crore is expected to have a positive impact on NITCO's financial performance in the coming quarters.