Nila Infrastructures has received a work order from Ahmedabad Municipal Corporation (AMC) for the Integrated Slum In-situ Development for Public Private Partnership (PPP) Project (Package-13) of approximately 360 residential units at Ahmedabad under Urban Development & Urban Housing Department, Government of Gujarat's Slum Rehabilitation and Redevelopment Policy-2013.

The project envisages to rehabilitate about 360 slum-dwelling families living at Khodiyarnagar Asarwa, Ahmedabad. The total area under the project of approximately 6,085 sq. mtrs. will be redeveloped in 24 months at a total development cost of approximately Rs 251.6 million.

As remuneration, the company will get the balance vacant land of approximately 1893 sq. mtrs. worth Rs 75.8 million and the Transferable Development Rights (TDR) of Rs 175.8 million.

Shares of the company gained Rs 0.25, or 1.42%, to trade at Rs 17.80. The total volume of shares traded was 43,187 at the BSE (10.15 a.m., Thursday).