Nitco jumps on Alibaug land deal buzz with HOABL

According to media reports, the two parties are also likely to enter into a joint development agreement, with the deal expected to be signed soon. The proposed project could have a revenue potential of up to Rs 6,000 crore.

The terms of revenue sharing between Nitco and HOABL are expected to be finalised as part of the agreement, the reports added.

Nitco is a surface solutions company, offering tiles, marble and mosaic products. It has a strong presence across more than 55 countries and a wide domestic network of over 650 dealers, experience centres and franchise stores.

On a consolidated basis, Nitco reported net loss of Rs 11.90 crore in Q3 December 2025 as against net loss of Rs 660.18 crore in Q3 December 2024. Net sales rose 54.66% YoY to Rs 130.30 crore in Q3 December 2025.