Niraj Cement Structurals Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NIRAJ · price
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Niraj Cement Structurals Limited has received a work order valued at Rs. 46.52 Crores (including GST) from Western Railway. The contract involves railway infrastructure work including earthworks, construction of major and minor bridges, track laying and linking, supply of ballast, and related works for the quadrupling project between Gandhidham and Adipur, with a Y-connection to Mundra Port and Bhuj, spanning 10 km. The order is to be executed over 18 months. The work was awarded as a joint venture (JV) and is a domestic government contract with no related party interest.
This is a sizable government (Indian Railways) order that strengthens the company's order book and provides revenue visibility over the next 18 months. For a small-cap company, such a large contract from a reputed public sector client is a positive signal, though execution and margin outcomes will determine actual shareholder value.