NITCO secures ₹111 crore deal from Prestige Group; shares rise 0.47%

NITCO Ltd secures ₹111 crore order from Prestige Group, reinforcing position as top supplier in real estate industry.

NITCO Ltd has announced securing orders worth ₹111 crore from Prestige Group for tiles and marble supply, exceeding the initially projected ₹104 crore value announced in December 2024. The deal brings the total order value to ₹216 crore since December.

The orders will support Prestige Group’s ongoing real estate projects across six major Indian cities including Bengaluru, Hyderabad, Chennai, Mumbai, Pune, and NCR, according to the announcement made today (May 2).

Vivek Talwar, Chairperson and Managing Director of NITCO Limited, highlighted the growing partnership between the two companies. The deal reinforces NITCO’s position as a preferred supplier for high-end tiles and marble solutions in premium real estate developments.

According to the company statement, Prestige Group has chosen NITCO as an exclusive partner due to its focus on design and quality. This partnership complements NITCO’s recent momentum, which includes a significant order from Hindustan Associates.

NITCO Ltd has been operating in the tiles manufacturing industry for over 70 years. The company maintains a network of more than 80 outlets and 650 dealers throughout India, along with an international customer base. Since its founding in 1953, NITCO has focused on innovation, product quality, and customer service in delivering wall tiles, floor tiles, and marble products.

The shares of NITCO Ltd ended today at ₹130.10 up by ₹0.61 or 0.47 per cent on the NSE.

Published on May 2, 2025