Nitco Ltd has announced a fresh development in its ongoing business collaboration with Prestige Estates Projects Limited. Building on earlier orders worth ₹216 crore, Nitco has now received a Letter of Intent (LoI) for an additional tile order valued at approximately ₹45 crore. This brings the total value of orders from Prestige to around ₹261 crore.
The entire order, which covers the supply of Tiles, Marble, and Mosaic products, is expected to be executed over the next 12 months. The agreement underscores the strong demand for Nitco’s premium offerings and affirms the company’s execution capabilities in large-scale supply contracts.
This continued partnership with Prestige Estates—a reputed name in the Indian real estate sector—highlights the trust developers place in Nitco’s quality and service standards. The latest order is purely domestic and falls outside the scope of related party transactions.
With this development, Nitco further strengthens its foothold in the institutional supply segment, signaling a positive trajectory in its order book and overall growth momentum for FY2025-26.
