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Niraj Cement Structurals Ltd secures orders worth Rs. 292.44Cr

Oct 18, 2023

By: BlinkX Research Team

Niraj Cement Structurals Limited's stocks surged by 5 percent following the acquisition of two substantial project contracts. The initial contract, granted by Central Railway, is valued at ₹13.96 crore and encompasses the construction of various facilities at Lokmanya Tilak Terminus, including buildings, overhead and underground water tanks, road infrastructure, and P-way work to enhance coaching amenities.

Furthermore, the company also received a contract from the National Highway and Infrastructure Development Corporation Limited (NHIDCL). Valued at ₹292.44 crore, this project involves the construction of a two-lane road with paved shoulders, spanning from Tamenglong to Mahur (NH-137) in Manipur. The NHIDCL-awarded project falls under the domestic category and is slated for completion within 18 months.

At the close of trading, the company's shares were up by 4.95% at ₹38.20 on the NSE.