NITCO Inks ₹350 Crore Land Development Deal with Total Environment Building Systems Jun 27, 2025
More news about NITCO Tiles
23Jun 25
NITCO Secures Additional ₹45 Crore Tile Order from Prestige Estates
NITCO Tiles has received an additional tile order worth ₹45 crore from Prestige Estates, a leading real estate developer. This new order increases the total order value to ₹261 crore, strengthening the partnership between the two companies. The order is expected to positively impact NITCO's revenue and production capacity utilization, while also reinforcing its position in the competitive tile market.
NITCO Limited announced its Q4 and FY2025 financial results, showing improved Q4 revenue of ₹935.35 crore, up from ₹717.82 crore in Q4 FY2024. The company's net loss for Q4 reduced to ₹29.00 crore from ₹549.42 crore last year. For FY2025, total revenue was ₹3,143.93 crore with a net loss of ₹7,412.07 crore, including exceptional items from debt restructuring. The restructuring involved converting ₹1,037.81 crore of debt to equity, repaying ₹150.00 crore, and a fresh equity infusion of ₹463.24 crore. NITCO aims to leverage its strengthened financial position for growth in tiles and real estate segments.
02May 25
Nitco Secures ₹111.00 Crore Order from Prestige Estates, Boosting Construction Materials Sector
Nitco, a major construction materials company, has received a significant order worth ₹111.00 crore from Prestige Estates, a leading real estate developer. This order is expected to boost Nitco's revenue and market position while indicating robust activity in the real estate and construction sectors. The deal suggests a strong project pipeline for Prestige Estates and reflects confidence in the market.
30Apr 25
NITCO Secures ₹111 Crore Order from Prestige Estates, Boosting Business Outlook
NITCO Limited has secured a significant order worth ₹111.00 crore from Prestige Estates Projects Limited for the supply of tiles and marble. The order, exceeding the previously anticipated value of ₹104.00 crore, is expected to be delivered over approximately 6 months. This development marks a notable achievement for NITCO and reinforces its position in the construction materials sector.