Order Win / Supply Contract
NITCO Receives Additional Marble Supply Order Worth ₹66.65 Crore from Prestige Estates
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NITCO Limited has received an additional marble supply order worth ₹66.65 crore (excluding taxes) from Prestige Estates Projects Limited, taking the cumulative order value from the customer to approximately ₹347.09 crore.
PRICE-SENSITIVE TRIGGER
Event: Receipt of additional marble supply order from Prestige Estates
Type: Order Win / Supply Contract
Impact: Positive
Immediate Effect: The order strengthens NITCO’s order pipeline and reinforces its relationship with a leading real estate developer.
Key Metrics:
- New Order Value: ₹66.65 Crore
- Aggregate Order Value from Prestige Estates: ₹347.09 Crore
- Execution Timeline: Approx. 12 Months
- Order Nature: Supply of Marble
- Entity Type: Domestic
Highlight:
- Label: Additional Order Received
- Value: ₹66.65 Crore
What Happened ?
NITCO Limited informed exchanges that it has secured an additional domestic marble supply order from Prestige Estates Projects Limited valued at ₹66.65 crore excluding taxes.
The company stated that prior orders from Prestige Estates stood at approximately ₹280.44 crore before the latest order. With this addition, cumulative orders received from the customer have increased to nearly ₹347.09 crore.
Management indicated that the order reflects continued operational execution and strong business relations with established real estate developers.
key highlights
Order Details & Business Impact:
- The order has been awarded by Prestige Estates Projects Limited.
- The contract relates to domestic supply of marble products.
- The latest purchase order is valued at ₹66.65 crore excluding taxes.
- Aggregate order value from Prestige Estates now stands at approximately ₹347.09 crore.
- Execution timeline is expected to be around 12 months.
- The transaction is domestic in nature.
- Promoter or promoter group entities do not have any interest in the awarding company.
- The transaction is not classified as a related party transaction.
- The order highlights NITCO’s growing participation in premium real estate projects.
Note:
- Repeated order inflows from the same customer indicate business continuity and strengthening customer relationships in the real estate and construction segment.
Risk Analysis
Key Risks
- Revenue realization depends on timely execution and supply schedules.
- Demand slowdown in the real estate sector may impact future order flow.
- Raw material and logistics cost volatility could affect margins.
- Dependence on large institutional customers may increase concentration risk.
Worst Case Scenario
- Any slowdown in project execution by the developer or disruption in supply timelines could delay revenue recognition and impact working capital cycles.
Risk Level: Medium
Company Commentary
- NITCO stated that the additional order reflects steady operational execution.
- Management highlighted the company’s continued relationship with renowned developers like Prestige Estates Projects Limited.
- The company confirmed that the transaction is not related-party in nature.
Official Exchange Filing: NITCO Limited