Friday, Dec 5:
Shares of Niraj Cement Structurals Ltd traded higher at ₹37.32, up 2.81%, after the company announced major contract wins worth a combined Rs 164.18 crore from the Mumbai Metropolitan Region Development Authority (MMRDA) and the Northeast Frontier Railway. The orders are significant when compared to the company’s current market capitalization of Rs 200 crore, marking a substantial boost to its future revenue pipeline.
MMRDA Contract Details
| Aspect | Details |
|---|---|
| Contract Value | Rs 82.66 crore (including GST) |
| Client | Mumbai Metropolitan Region Development Authority (MMRDA) |
| Scope of Work | Connectivity from SGMC monorail station to Mahalaxmi metro & suburban station via FOB with Travellator |
| Project Timeline | 12 months |
This project focuses on improving last-mile connectivity across the busy Mahalaxmi transit zone, enhancing commuter movement between monorail, metro, and suburban stations.
Northeast Frontier Railway Contract Details
| Aspect | Details |
|---|---|
| Contract Value | Rs 81.52 crore |
| Client | Northeast Frontier Railway |
| Scope of Work | Construction of PSC slab underpasses and bridges |
| Project Timeline | 18 months |
This order strengthens the company’s presence in railway infrastructure, involving technically intensive civil work.
Impact on the Company
The combined contract value of over Rs 164 crore represents a major opportunity for the company, especially since the order book now nearly equals its entire market capitalization of Rs 200 crore. These projects are expected to materially contribute to revenue visibility over the coming quarters and reinforce Niraj Cement Structurals’ position in public infrastructure execution.
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