Shares of Niraj Cement Structurals are likely to remain in focus after the company announced receipt of two major infrastructure orders worth a combined ₹130.98 crore (including GST) from government authorities, as per a regulatory filing dated December 29.
MMRDA order details
The company, through its joint venture entity, has received a ₹34.86 crore order from the Mumbai Metropolitan Region Development Authority (MMRDA). The contract involves the construction of Linkway Foot Over Bridges (FOBs) at Metro Line-7, Goregaon (East), connecting the metro station with Ram Mandir Railway Station. The project is scheduled to be executed within 18 months.
BRO order strengthens infrastructure pipeline
In a separate disclosure, Niraj Cement Structurals said it has secured a ₹96.12 crore EPC contract from the Border Roads Organisation (BRO). The project involves sub-soil investigation, design, and construction of a 216-metre permanent bridge over the Galethiya River in Great Nicobar Island, including approach roads. The execution timeline for this project is 30 months.
Order nature and compliance
Both contracts have been awarded by domestic government authorities and do not fall under related-party transactions. The company also clarified that neither the promoter nor promoter group has any interest in the awarding entities.
Why it matters
The fresh orders significantly strengthen Niraj Cement Structurals’ order book, improve medium-term revenue visibility, and reinforce its presence in urban transport infrastructure and strategic defence-linked projects, particularly in metro connectivity and border infrastructure.
