Niraj Cement Structurals Limited has informed the Exchange about Bagging/Receiving of orders/contracts
NIRAJ · price
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Niraj Cement Structurals has bagged three domestic infrastructure orders from government agencies on EPC mode. The largest is Rs. 91.33 Crores from NHAI for building 3 vehicular underpasses and 1 flyover on the Puintola-Icchapuram section of NH-16 in Odisha (18 months execution, via a joint venture). The second is Rs. 80.12 Crores from the Ministry of Road Transport and Highways for two vehicular underpasses in Sindhudurg, Maharashtra (12 months). The third is Rs. 8.20 Crores from the PWD of Odisha for a new minor bridge on NH-326 (18 months). All three orders are from domestic, government-owned entities with no promoter or related party interest. The combined order inflow of Rs. 179.65 Crores reflects strong order momentum in the company's road and highway EPC business.
Positive for the stock: the cumulative order win of ~Rs. 180 Crores reinforces the company's order book in the roads and highways segment and supports near-term revenue visibility. The orders are from credible government counterparties (NHAI, MoRTH, PWD), reducing payment risk, though execution within the 12-18 month timelines will be key to converting them into revenue.