Announced Wed, 5 Aug · 17:28 IST
Niraj Cement bags Rs 256.89 Cr road work order from Bihar govt
NIRAJ · price
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Price reaction · full curve 14 horizons · vs prior close
+0.9%1-day move
₹29.18
prior close
₹30.59
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.3-1.2-1.2—+0.9+0.8-0.6+0.0-0.6-3.0————
Up moveDown movePending
AI summary
Niraj Cement Structurals Ltd, via a joint venture, has received a work order worth Rs 256.89 Crores including GST from the Water Resource Department, Birpur, Bihar. The scope covers raising, strengthening and construction of flexible pavement totalling 31.985 km, including restoration of 7 existing studs and construction of 13 new studs, under the Bihar Water Security and Irrigation Modernization Project. The order is domestic, with an execution timeline of 32 months.
Likely market impact
Substantial government order strengthens order book visibility and revenue pipeline over the next 32 months.