Niraj Cement Structurals Lands Rs 256.89 Crores Work Order from Bihar Water Resource Department
Niraj Cement Structurals Limited has secured a significant contract worth Rs. 256.89 Crores, including GST, from the Water Resource Department in Birpur, Bihar. The order relates to infrastructure work under the Bihar Water Security and Irrigation Modernization Project (BWSIMP).The contract awarded to Niraj Cement Structurals involves the "Raising, Strengthening and Construction of Flexible Pavement." This project encompasses a total length of 31.985 Km of ESML (East Santral Main Line), located between Km 14.00 and Km 26.275.
Key aspects of the work order include the restoration of seven existing studs and the construction of thirteen new studs along the specified stretch. The awarding entity is a domestic organization, and the project scope falls under the nature of infrastructure development.
The contract stipulates an execution period of 32 months to complete the assigned work. There were no mentions regarding related party transactions or interest from the promoter group in the awarding entity, as per the details provided.
NIRAJ Stock Price Movement
Today, shares of Niraj Cement Structurals Limited edged higher, settling at ₹29.18 after gaining 1.46%. Trading activity included 55,933 shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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