Niraj Cement Structurals bags two railway orders worth Rs 230 Cr

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

+0.6%Reaction day

₹33.11

prior close

₹36.30

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.7%+3.2% vs market

On the reaction day the stock moved 3.2 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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Sessions after the filingfrom the prior close

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Reaction day

+0.6-2.7+3.2

Next day

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AI summary

Niraj Cement Structurals (JV) has won two orders from Northeast Frontier Railway valued at Rs 230.06 Crores including GST. Order 1 is Rs 50.95 Crores for bridge substructure and superstructure construction at Bilasipara-Chapar section, to be completed in 12 months. Order 2 is Rs 179.11 Crores for construction of nine minor bridges and related works under the ARARIA-GALGALIA Project, to be completed in 9 months. Both are domestic government orders.

Likely market impact

Positive - strengthens order book with two government railway contracts worth about Rs 230 Crores, improving near-term revenue visibility.