Nila Infrastructures Limited secured a Work Order of Rs. 503.2 million from Ahmedabad Municipal Corporation.

Nila Infrastructures Limited (the "Company") has received an order worth Rs. 503.2 million for development of Vegetable Market at Kalupur from Ahmedabad Municipal Corporation (AMC). The work is on EPC basis with specific execution period of 24 months excluding monsoon.

The state-of-the-art Vegetable Market will be the first such market in Gujarat. The redevelopment of the existing vegetable market shall be done afresh post demolition of super-structure and substructure upto foundation level of existing old building of Vegetable Market. Two (2) basement + Ground + two (2) floors are planned as fresh construction of about 353,763 sq. ft. - to be carried-out on a plot of 108,711 sq ft. It shall comprise general shopping area and offices. The effective layout plan incorporates a fully covered market besides the requisite amenities like ripening chamber, water works, garbage collection and disposal, etc. It shall also have provisions for canteen, bank, police control room, first-aid room, etc., besides separate ingress and egress.

On the occasion Mr. Deep Vadodaria, COO of the Company passionately commented: "We are glad to secure the very first order issued by AMC to demolish and redevelop a vegetable market. It is a critical civic urban infrastructure in the CBD-of-the-yesteryears. With this, we further our quest to be the first-mover in the uncharted territories. The existing vegetable market structure is decades old.

This reinforces the Company's Vision to Contribute to the economic prosperity and growth through participation in projects of national importance; and Mission to execute such projects that are beneficial to the society-at-large. As a strategy, addition of this new revenue stream shall further derisk the revenue-concentration. This is just a spark, and outlook of such opportunities in short-to-long term appears absolutely promising. We are confident to accurately execute and deliver this project within stipulated parameters. This also enhances visibility of our existing confirmed unexecuted order-book."

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