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Nitco secures INR 66.65 crore order from Prestige Estates Projects

#Builders & Projects#India
Last Updated : 15th May, 2026
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Synopsis

Nitco Ltd has received a new order worth INR 66.65 crore from Prestige Estates Projects, adding to its order pipeline in the real estate segment. The company disclosed the development in a regulatory update during the past week. The order comes at a time when residential and commercial construction activity remains strong across major Indian cities, supporting demand for building materials and interior products. Prestige Estates Projects, one of India’s major real estate developers, has been actively expanding its project portfolio across housing, office, retail and hospitality segments in several key markets.

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Nitco Ltd has secured an order worth INR 66.65 crore from Prestige Estates Projects, according to a company update released during the past week.


The order has been awarded by Prestige Estates Projects, a leading real estate developer with a strong presence across residential, commercial, retail and hospitality developments in India. While the company did not disclose detailed project specifications, the contract is expected to support Nitco’s business in the building materials and surface solutions segment.

Nitco is known for manufacturing tiles, marble and mosaic products, and the latest order adds to its ongoing project portfolio linked to large-scale real estate developments. The company has been focusing on improving operations and strengthening institutional business amid steady construction demand in urban markets.

Prestige Estates Projects has continued to expand its footprint across cities including Bengaluru, Mumbai, Hyderabad, Chennai and Delhi-NCR. The developer has remained active in launching housing projects and commercial developments as demand in the premium and mid-income property segments stays stable.

The order also reflects continued engagement between real estate developers and building material companies as project execution gathers pace across multiple sectors. Industry observers have noted that developers are increasingly prioritising timely procurement and partnerships with established suppliers to manage large project pipelines efficiently.

In recent quarters, several listed real estate developers have reported strong sales bookings and expansion plans, leading to increased demand for construction-related products and interior finishing materials. Companies operating in tiles, fittings and related categories have benefited from this trend as new launches and project completions continue across major property markets.

Source Reuters
Next (Nexus Select Trust reports 12% rise in quarterly NOI and advances expansion strategy through retail asset acquisitions)

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