Niraj Cement Secures Rs 179.65 Crore Infrastructure Orders from MoRTH, NHAI, PWD Odisha

Niraj Cement Structurals Limited (BSE: 532986, NSE: NIRAJ, CIN: L26940MH1998PLC114307) announced receipt of three major EPC contracts totaling Rs 179.65 crores (including GST) from government infrastructure authorities.

The Ministry of Road Transport and Highways (MoRTH) awarded a Rs 80.12 crore order for constructing vehicular underpasses at Km 466/650 (Khamdeo Naka, Village Insuli) and Km 450/370 (Zarap Sawantwadi Junction) in Sindhudurg District, Maharashtra, with a 12-month execution period.

The National Highways Authority of India (NHAI) granted Rs 91.33 crores to the company's JV for three vehicular underpasses (Km 458+500, 460+800, 475+200) and one flyover (Km 449+100) with approach roads on NH-16 (Puintola to Icchapuram section), Odisha, executable in 18 months.

Additionally, Odisha's Public Works Department (PWD) issued a Rs 8.20 crore order for a new minor bridge across Jeriguda Nallah at Km 297.520 (NH-326) including approaches, also on 18-month EPC terms.

Shares of Niraj Cement Structurals Limited was last trading in BSE at Rs. 28.74 as compared to the previous close of Rs. 29.00. The total number of shares traded during the day was 400 in over 16 trades.

The stock hit an intraday high of Rs. 29.24 and intraday low of 28.70. The net turnover during the day was Rs. 11589.00.

Source : Equity Bulls

Keywords

NirajCementStructurals INE368I01016 OrderWin EPCContracts