Niraj Cement bags orders worth Rs 130.98 Cr from MMRDA and BRO
NIRAJ · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.9 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Niraj Cement Structurals has secured two domestic orders totalling Rs 130.98 Crores including GST. MMRDA awarded Rs 34.86 Cr for construction of linkway FOBs at Goregaon East Metro Station in Mumbai, to be completed in 18 months. BRO awarded Rs 96.12 Cr for design and construction of a 216-metre bridge on Great Nicobar Island under Project Pushpak, to be completed in 30 months.
Strong order inflow from government and defence-linked clients boosts revenue visibility over the next 30 months. Positive for the order book.