Niraj Cement Bags ₹322 Crore MoRTH Project for Goa Highway Four-Laning

In a filing under Regulation 30 of SEBI (LODR) Regulations, 2015, Niraj Cement Structurals Limited disclosed that it has received a letter of award from the Ministry of Road Transport and Highways. The contract covers four-laning of the Ponda to Bhoma stretch of NH-748 in Goa on an EPC (engineering, procurement and construction) basis, between km 125.440 and km 135.050.​

The order, valued at ₹322.27 crore, is to be completed within 18 months from the appointed date, positioning the company to participate in Goa’s growing road infrastructure expansion. The management has clarified that the contract is a domestic, arm’s-length award with no promoter or group company interest, aligning with SEBI’s disclosure norms.​

Key highlights

Awarding authority: Ministry of Road Transport and Highways (MoRTH).​

Project scope: Four-laning of Ponda–Bhoma section of NH-748 from km 125.440 to km 135.050 in Goa, on EPC mode.​

Contract value: Approximately ₹322.27 crore.​

Execution timeline: 18 months from commencement.​

Nature of contract: Domestic, EPC; no related-party / promoter group interest; awarded at arm’s length.​

Sources: Niraj Cement Structurals Limited