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Incorporated in 1966, NITCO Ltd is in the tiles and marble business
Infomerics has reaffirmed Nitco Ltd.'s credit rating for its Non-Convertible Debentures (Rs. 50 Cr) and Redeemable Non-Convertible Preference Shares (Rs. 150 Cr) at IVR BB+/Stable. This reaffirmation is based on the company's recent operational and financial performance for FY26 and Q1 FY27.
NITCO has formed a JV with The House of Abhinandan Lodha for a 40-acre Alibaug project. This development targets ₹4,500 Cr in total revenue over 5 years, with NITCO's share estimated at ₹1,500 Cr. This is a strategic move for land asset utilization.
Nitco Limited has informed the Exchange about Newspaper advertisement regarding notice of 60th Annual General Meeting and e-Voting information
NITCO has formed a JV with HoABL for a 40-acre premium mixed-use development in Alibaug. This strategic partnership is expected to generate Rs 1500 Cr in revenue for NITCO over five years, featuring luxury homes and a boutique hotel.
NITCO Limited, with its subsidiary & promoter, signed an MOU with HOABL for joint development of Alibaug lands. This deal is expected to generate Rs. 1,300-1,500 Cr over five years, accruing to Nitco & its subsidiary. Rs. 9 Cr received as security deposit.