This Micro-Cap Cement Company Bags 3 Road and Bridge Projects Worth Rs 179.65 Crore
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The company has a market cap of over Rs 170 crore. The stock price has declined over 44.22 per cent in last 1 year.
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On Friday, shares of Niraj Cement Structurals Ltd fell 3.26 per cent to Rs 28.50 per share from its previous closing of Rs 29.46 per share. The stock’s 52-week high is Rs 69.88 per share and its 52-week low is Rs 27.20 per share. During the session, the stock surged about 3.94 per cent to its Intraday high of Rs 29.42.
Niraj Cement Structurals Ltd, a prominent engineering and Construction company, has secured three new work orders from government infrastructure agencies with a combined value of Rs 179.65 crore including GST. The projects involve key road and bridge infrastructure development works across Maharashtra and Odisha.
The company received a major order from the Ministry of Road Transport and Highways (MoRTH) for infrastructure work in the Sindhudurg district of Maharashtra. The contract, valued at Rs 80.12 crore, focuses on improving road connectivity and traffic safety in the region. The project includes the construction of two vehicular underpasses at Khamdeo Naka in Village Insuli and at the Zarap Sawantwadi Junction. The project will be executed under the Engineering, Procurement and Construction (EPC) model and is scheduled to be completed within 12 months.
In addition, the company secured two separate infrastructure projects in Odisha, strengthening its presence in the state’s highway and bridge construction segment. The first project is a joint venture contract awarded by the National Highways Authority of India (NHAI) worth Rs 91.33 crore. The project is located on the Puintola to Icchapuram section of NH-16 and includes the construction of three vehicular underpasses and one flyover along with approach roads. This project will also be executed under the EPC mode with a completion timeline of 18 months.
Further, the Public Works Department (PWD) of Odisha awarded the company a contract worth Rs 8.20 crore for constructing a minor bridge across the Jeriguda Nallah on NH-326. The scope of work includes building the bridge along with its approach roads, and the project is expected to be completed within 18 months under the EPC model.
These newly secured contracts highlight the company’s growing participation in government infrastructure projects and its continued focus on expanding its presence in road and bridge construction across different states in India.
The company has a market cap of over Rs 170 crore. The stock price has declined over 44.22 per cent in last 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.