India's NITCO rises on deal to develop land parcels

Nitco

27/06/2025 10:58

** Shares of tiles and marble maker NITCO NCOT.NS climb 5% to 142.02 rupees

** Co enters joint agreement with Total Environment Building Systems to develop land parcels in state of Maharashtra

** Deal is likely to fetch 3.5 billion rupees over period of three years; NCOT has received adjusted advance interest fee of 584.2 million rupees

** Stock up 12% YTD

 (Reporting by Manvi Pant in Bengaluru)

 ((Manvi.Pant@thomsonreuters.com; +918447554364;))