Niraj Cement Structurals Limited shares surged more than 7% in morning trade after the company announced that its joint venture has secured a major road infrastructure contract from the Public Works Department (PWD). The order win has boosted investor sentiment, reflecting improved revenue visibility for the company over the medium term.
According to the regulatory disclosure, Niraj Cement Structurals Limited (JV) has received a work order for the improvement, upgradation, and five-year performance-based maintenance of Road A21_3. The project covers the stretch from Hamren–Tumpreng–Hojai–Nilbagan–Howraghat–Karkok, extending from the Jamuna River district boundary to Karkok, with a total length of 26.803 kilometres.
The contract has been awarded by the Public Works Department, a domestic government entity, and carries a total value of ₹130.83 crore, inclusive of GST. The scope of work includes not only the development and strengthening of the road infrastructure but also long-term maintenance, ensuring consistent execution and monitoring over an extended period.
As per the disclosed details, the project is scheduled to be executed within a timeline of 36 months. The inclusion of performance-based maintenance for five years is expected to provide stable revenue flow and operational continuity beyond the initial construction phase.