Deals15 Jan 2025, 11:19 pm
NITCO LTD Secures Rs. 50 Crore Order from Hindustan Associates
AI Summary
NITCO LTD has announced its first annual tie up with a tile dealer post restructuring process and capital raising exercise. The company has secured an order of Rs. 50 Crore from Hindustan Associates, one of the largest tile dealers in Mumbai. The order is split into about Rs. 4 Crore for the 4th quarter of the current financial year and about Rs. 46 Crore for the next financial year.
Key Highlights
- NITCO LTD secures Rs. 50 Crore order from Hindustan Associates
- First annual tie up with a tile dealer post restructuring process and capital raising exercise
- Order split into about Rs. 4 Crore for the 4th quarter of the current financial year and about Rs. 46 Crore for the next financial year
- Hindustan Associates is one of the largest tile dealers in Mumbai