Nitco (NITCO) — Announcement

📢 Key Event
NITCO enters JV for Alibaug premium mixed-use development

💡 Investor Takeaway
This JV creates a new revenue stream for NITCO through a high-value real estate partnership with a branded developer.

NITCO announced a joint venture with The House of Abhinandan Lodha to develop a premium mixed-use project in Alibaug, targeting Rs 3000 crore revenue for HoABL and Rs 1500 crore for NITCO over five years, with Rs 1000 crore investment from HoABL and subject to approvals.

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About Nitco Limited (NITCO)

Consumer Durables · Ceramic Products · Listed on NSE

Market Cap: ₹2,258.45 Cr ROE: -15.1% ROCE: -3.9%

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🔥 Also filed on 25 August 2026

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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