Nila Infrastructures gains 16% on contract win worth Rs 87.46 cr

Moneycontrol BureauShares of Nila Infrastructures advanced 16 percent intraday Wednesday as it has received a contract to construct medical college campus and residences at Rajasthan.The company has entered in to EPC contract for Rs 87.46 crore with Engineering Projects India for construction of medical college campus and residences at Barmer, Rajasthan.Manoj Vadodaria, CMD of Nila Infra said, "This project will provide additional opportunities to the company into medical and health related construction business, which has abundant prospect."At 11:47 hrs Nila Infrastructures was quoting at Rs 13.80, up Rs 1.29, or 10.31 percent on the BSE.Posted by Rakesh Patil