Niraj Cement bags Rs 81.52 Cr railway order from NF Railway

Govt Defence OrderBusiness Updates View source PDF Explain this filing

NIRAJ · price

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Price reactionminutes from the announcement price · days from the prior close

-1.1%Reaction day

₹36.40

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.5%-0.6% vs market

On the reaction day the stock moved 0.6 pts less 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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AI summary

Niraj Cement Structurals has secured an Rs 81.52 crore order from Northeast Frontier Railway for construction work including PSC slab underpasses, major bridge, retaining wall and embankment in the New Bongaigaon-Goalpara-Kamakhya railway doubling project in Assam. The 18-month contract covers elephant corridor mitigation works near Deepor Beel area. Being executed as a joint venture.

Likely market impact

Positive; sizeable government order strengthens order book and revenue visibility over the next 18 months