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With this exit from the land parcel and repayment of the existing loan from HDFC, it has reduced consolidated debt by Rs 450 crore in the last three weeks
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In 2010, the realty firm had acquired 50 per cent stake in Courtyard Construction Pvt Ltd (CCPL), which owns this land parcel.
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Sun Pharma | IndusInd Bank | Jet Airways | DLF | Kandagiri Spinning | Empee Distilleries | Alankit | Kalindee Rail | Ashoka Buildcon | JSW Steel and Balmer Lawrie are stocks, which are in the news today.
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Nitesh Estates has registered net loss of Rs 27.7 crore, while its total income increased by 34.4 percent at Rs 66 crore
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HCL Technologies | Tata Steel | Lovable Lingerie | Financial Technologies | Alkem Labs | IDFC Bank | DCB Bank | Torrent Power | Asahi India Glass | SEAMEC | HDIL | Bharat Financial | Majesco | Omaxe | Aban Offshore | Mukta Arts and MMTC are stocks, which are in the news today.
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ICICI Prudential | Kotak Mahindra Bank | Hindustan Copper | MCX | Pidilite Industries | Jaiprakash Associates | BPCL | IOC | Oil India | Max Financial | Strides Shasun | Cubex Tubings and CARE Ratings are stocks, which are in the news today.
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L&T | Tata Power | GAIL | JM Financial | IL&FS Engineering | IFCI | Ujaas Energy | Brigade Enterprises | Indo Amines | GOCL Corporation | KNR Constructions | Piramal Enterprises | Asian Oilfield Services | Tamilnadu Steel Tubes | Canara Bank and Rain Industries are stocks, which will be in the news on Monday.
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Nitesh Estates have 18 projects in its portfolio, out of which 4 are at the handover stage, 8 are in construction and six are in the approval stage, says Ashwini Kumar, ED & COO of the company.
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Stocks expected to gain are Sundram Fast, J&K Bank, Adani Ports, Aptech, PFC, Jubilant Life, Natco Pharma, Nitesh Estates, Globus Spirits and Emco, while stocks expected to be under pressure are Lupin, United Bank, Uco Bank, IOB, JK Tyre, Concor, Patel Integrated, Anuh Pharma, Gokaldas Exports, Kennametal, Indag Rubber, Huhtamaki PPL.
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SBI | Godrej Properties | Himachal Futuristic Communication | Bharat Financial | Archies | PFC | Greenply Industries | Aptech | Grasim | Aditya Birla Nuvo | Kennametal | Prism Cement | Patel Integrated Logistics | AstraZeneca | Anuh Pharma | IOB | United Bank | UCO Bank and JK Tyre are stocks, which are in the news today.
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In an interview with CNBC-TV18, Ashwini Kumar, ED and COO of Nitesh said that margins worth Rs 750-800 per sq ft is expected from this project and the revenues from it will be recognized from the second quarter of FY17.
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State-run NBCC today said the company has secured total business of about Rs 131 crore in February this year under the project management consultancy
segment.
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In an interview with CNBC-TV18, Ashwini Kumar, ED and COO of Nitesh Estates said that the company‘s share is 250000 sq ft out of the total 400000 sq ft and it expects 10-12 percent project revenues to be realized in the next one year.
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"Nitesh Estates, through its wholly owned subsidiary, has signed a joint development agreement for a residential project on a plot of land measuring around 5 acres in Yelahanka, North Bangalore," the Bangalore-based real estate company said in its filing.
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Coal India | Wipro | Cipla | BHEL | IRB Infrastructure | IDBI Bank | Siemens | Nitesh Estates | SKS Microfinance | Adani Ports | Tata Chemicals | DCB Bank | Titan Company | Tata Power | Plastiblends India | Vakrangee | JSW Energy | Tata Motors | HCL Technologies and TVS Motor are stocks, which are in the news today.
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Nitesh Estates has reported a consolidated total income from operations of Rs 116.95 crore and a net profit of Rs 1.07 crore for the quarter ended Dec '15
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In an interview to CNBC-TV18, Ashwini Kumar, ED & COO of the company said Q4 sales are expected to be on same lines as Q3 and that there has been increase in revenue recognition in premium projects.
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SBI | Tata Motors | HUL | Bharti Airtel | Cipla | ACC | Ambuja Cements | Emami | NHPC | Aurobindo Pharma | Visa Steel | Ruchi Soya | Venus Remedies | Financial Technologies | Tata Global | BL Kashyap | Asahi India Glass | IVRCL | Alstom T&D India | GSK Pharma and Capital First are stocks, which are in the news today.
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Nitesh Estates has reported a consolidated total income from operations of Rs 49.11 crore and a net loss of Rs 14.32 crore for the quarter ended Sep '15
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Tata Motors | Sun Pharma | BHEL | ONGC | Coal India | HPCL | BPCL | Hathway Cable | Unitech | Gitanjali Gems | Britannia | Punjab & Sind Bank | Andhra Bank | Dena Bank | Aurobindo Pharma | PC Jeweller | Ashoka Buildcon and Oil India are stocks, which are in the news today.
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Nitesh Estates has reported a consolidated total income from operations of Rs 48.79 crore and a net loss of Rs 20.33 crore for the quarter ended Jun '15
