IITL Projects Share Price

IITL Projects Limited, formerly known as Indo Green Projects Limited, was incorporated on October 26, 1994. The Company changed the name to IITL Projects Limited on October 18, 2010. Prior to incorporation, Company was mainly engaged in the business of growing fruits and vegetable and trading in jute products. On June 4, 1996, the Company came out with initial public offer of 25,00,000 equity shares of Rs. 10/ each. The Company could not continue with agro based activities due to regulatory constraints and so was moved to real estate development sector.The Company is a subsidiary of Industrial Investment Trust Limited (IITL). In August, 2008, IITL acquired majority ownership and management control over the Company. The Company entered into Real estate and InfrastructureRelated activities in 201112. Company obtained ISO 9001:2000 Certification on October 21, 2011.The Project Express Park View I, comprising of 4 towers and total 334 residential flats, was developed and completed by the Company in 2015. The Company is engaged in real estate business, construction of residential complex in the National Capital Region (NCR). The Company had promoted four Special Purpose Vehicle (SPV) viz. IITL Nimbus The Hyde Park holds 50% of capital, Capital Infraprojects Pvt. Ltd. holds 50% of Capital, IITL Nimbus The Express Park View holds 12.08% of capital and IITL Nimbus The Palm Village holds 46.81% of capital. It acquired a plot of land on long term lease, under Builders Residential Scheme (BRS) of the Greater Noida Industrial Development Authority (GNIDA). The construction has been completed and the flats are handed over to purchasers.Apart from constructing its own project, the Company also engaged in construction of residential flats through Joint Venture Partnership Firms and these firms were allotted plots of land, under Builders Residential Scheme (BRS) of the New Okhla Industrial Development Authority (NOIDA), Greater Noida Industrial Development Authority (GNIDA) and Yamuna Expressway Industrial Development Authority (YEIDA). The total lease hold area allotted to the Company alongwith the Joint Venture Firms was around 2,65,000 sq. meters. Company exited from all its Joint Venture Partnership Firms except for Capital Infraprojects Private Limited in FY202324 and has ceased to be an associate of the Company with effect from January 31, 2025.The Company has no business of its own and has no other cash flow at present. As at March 31, 2025, Industrial Investment Trust Limited (Parent Company) owned 71.74% of the companys equity share capital and has the ability to control its operating and financial policies.