NITCO wins Rs 105cr order from Prestige Group

NITCO Limited, a prominent name in tiles, marble, and mosaics manufacturing, has announced a significant NITCO Limited order worth ₹105 crores from the Prestige Group, a leading real estate developer in India. This landmark deal showcases the strength of the Prestige Group partnership and underscores NITCO’s reputation as a trusted provider of high-quality building materials.

The company stated that the order involves supplying tiles and marble for Prestige Group’s ongoing real estate projects in cities like Bangalore, Hyderabad, Chennai, Cochin, NCR, Mumbai, Pune, and Goa. This collaboration highlights NITCO’s expertise as a premium tiles supplier for large-scale developments. Additionally, NITCO anticipates the size of the NITCO Limited order to double to ₹210 crores, given the scale of the Prestige Group’s construction plans.

Managing Director Vivek Talwar remarked that the longstanding Prestige Group partnership reflects the trust and excellence shared between the companies. Talwar emphasized that NITCO is committed to delivering world-class solutions, not just as a supplier, but as a strategic partner in elevating India’s architectural landscape with premium materials.

This significant order comes as part of NITCO’s turnaround strategy, which includes securing investments, debt restructuring, and divesting non-core assets such as its Kanjurmarg land parcel. These initiatives aim to strengthen the company’s position as a premium tiles supplier while driving sustainable growth.

Founded in 1953, NITCO has remained a cornerstone in the tile manufacturing industry, offering diverse products from designer kitchen and bathroom tiles to outdoor and commercial tile solutions. The NITCO Limited order with the Prestige Group reaffirms its dedication to quality, innovation, and sustainable development.

As the Prestige Group partnership grows stronger, this collaboration demonstrates NITCO’s ability to meet the evolving needs of India’s construction industry. The order, valued at ₹105 crores and potentially expanding to ₹210 crores, solidifies NITCO’s role as a premium tiles supplier and a key contributor to India’s real estate projects.

Through its innovative products and unwavering commitment to excellence, NITCO continues to shape India’s architectural future, setting new benchmarks for quality and sustainability.