Niraj Cement Structurals wins Rs. 130.83 Cr road contract from PWD

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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prior close

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Nifty Microcap 250market · in no size index; the smallest one is used-0.9%+3.2% vs market

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Minutes after the announcementfrom the announcement price · no benchmark

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AI summary

Niraj Cement Structurals, via a joint venture, has received a Rs. 130.83 Crore work order from the Public Works Department (PWD) for improvement, upgradation and 5-year performance-based maintenance of a 26.8 km road stretch (Road A21_3) in Assam. The contract runs for 36 months. This is a domestic government order with no related party interest.

Likely market impact

Sizedable government road order worth about Rs. 131 Cr provides multi-year revenue visibility over the 36-month execution period.