26 Aug 2026
Nitco formed a joint venture with House of Abhinandan Lodha for a Rs 4,500 crore project in Alibaug.
The stated figure is gross development value, the revenue the project may generate across its full life, not Nitco's share and not this year's revenue. That value is a large multiple of Nitco's own market capitalisation, so funding and execution carry the risk rather than the headline.
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