Stock of Nila Infrastructure soared in Monday’s trade by 7.2% as the company secured construction contract worth Rs 131.67 crore.
The company in a filing to the Exchanges said that for an amount of Rs 131.67 cror it has entered into an agreement for construction and implementation of project with Vivyan Infraprojects LLP.
The project includes construction of 1,540 housing units under slum rehabilitation project, at Ramapir No Tekro, Juna Wadaj, Ahmedabad, being executed by Vivyan Infraprojects LLP in PPP mode with the Ahmedabad Municipal Corporation (AMC).
The project involves construction of about 8 lakh square feet and shall be completed within 24 months.
The stock on the NSE has delivered over 35% returns in a period of one year, underperforming the BSE Small Cap and outperforming the BSE Realty indices over the same time span.