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Nila Infrastructures Limited (Nila) has entered into an MOU with Kataria Group


Nila Infrastructures Limited (Nila) has 07/10/2015 entered into an MOU with an eminent logistics player and the leading automobile dealer “Kataria Group” to work jointly for acquiring land and developing industrial and logistics parks, units, sheds, plots, residential colonies, and allied infrastructure at various locations situated near the upcoming automobile hub at Bechraji – about 90 kms from Ahmedabad at Gujarat.
As per the MOU both the parties, through Joint Venture Entities, shall acquire and develop land and
sale the same to the automobile, logistics and ancillary customers. The fund required by the Joint
Venture Entities shall be infused by both the parties in’ equal proportion in the forms of equity
contribution or loan as required.
Commenting on this development, Mr. Manoj Vadodaria, CMD of Nila Infrastructures Ltd said:
‘With the Government of Gujarat’s encouragement, Gujarat in general, and in the environs of Bechraji
in particular is emerging as a major Automobile Hub. The global auto giants are setting up their
production facilities. This will call for Tier 2 and Tier 3 auto-component suppliers to come up in the
vicinity of the production faciliw. Both Government and Industry is promoting ancillary industry by
encouraging and incentivising them. The proposed locations are approximately in the radius of 1 to 7
kms from the forthcoming production plant of Suzuki and 7 to 9 Kms from Honda two wheeler
plant. Meanwhile, Gujarat is strategically positioned to become a global sourcing hub as it not only
has one ofthe best infrastructure setups in the country but also the longest coastline in the country,

Also, the major all – weather ports viz. Kandla and Mundra are about 280 to 320 kms. respectively
giving an excellent access for exports and to global markets. For the purpose, a world class
infrastructure will be in demand near Bechraji at Gujarat To cater to such need of the industry, the
Company has decided to join hands with the Katana Group.
The Kataria Group is prominent industry player of logistics as well as automobile industry and is the
second largest dealer of the India’s biggest automobile company “Maruti Suzuki India Ltd.” Thegroup
has extensive experience of about sixty years in the industry; has a “satisfied” customer base of more
than 2,00,000 happy families, and is favorably placed with a wide range of key industry players. Our
joining hands with an eminent industry player (the Kataria Group) will boost synergistic benefits and
bring about better results than the sum of the parts, This will enable a larger entity with increased
managerial eflectiveness, service orientation, and be able to cater to a wider base of such interested
customers. ”

Safe harbor Statement

Statements in this document relating to future status, events, or circumstances, including but not
limited to statements about plans and objectives, the progress and results of research and
development, potential project characteristics, project potential and target dates for project related
issues are forward-looking statements based on estimates and the anticipated effects of future
events on current and developing circumstances Such statements are subject to numerous risks
and uncertainties and are not necessarily predictive of future results. Actual results may differ
materially from those anticipated in the forward-looking statements. The company assumes no
obligation to update forward-looking statements to reflect actual results, changed assumptions or
other factors.

About Nila Infrastructures Limited
Incorporated in the year 1990, Nila Infrastructures Limited (Nila) has been promoted by firstgeneration
promoters, Mr. Manoj B. Vadodaria and Mr. Kiran B. Vadodaria. Nila is well established
player in developing Civic Urban Infrastructure Projects on EPC, Turnkey, PPP Mode, as well as
Private White Label Construction and Industrial Infrastructure Projects. It also has a long track
record of developing and marketing own Real Estate Projects with varied spectrum ranging from
Affordable Housing to Luxurious Housing. Nila has major presence in Gujarat and has expanded
footprint into Rajasthan. Its major clients include Ahmedabad Municipal Corporation (AMC),
Vadodara Urban Development Authority (VUDA), Rajasthan Avas Vikas and Infrastructure Limited
(RAVIL), Adani Group, Sandesh Applewood, etc. For more information on www.nilainfra.com.

Source : nseindia.com


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