Niraj Cement Structurals Clinches ₹1.15 Billion NHAI Contract, Bolstering Order Book

Niraj Cement Structurals Ltd (NCSL) has secured another significant infrastructure project, with its joint venture SPPL JV winning a ₹1.15 billion contract from the National Highways Authority of India (NHAI). This latest award adds to the company's robust order book, which stood at ₹15.47 billion as of December 2024. The new project, likely part of NHAI's ongoing national highway expansion initiatives, reinforces NCSL's position in the road construction sector. This contract follows closely on the heels of a ₹2.69 billion order received earlier this month for a bypass project in Jammu and Kashmir. NCSL's shares have shown positive momentum, surging 20% on news of recent contract wins. The company's growing project pipeline and strategic joint ventures are expected to drive revenue growth and improve profitability margins in the coming fiscal years, as indicated by its stable credit outlook.

 

Source: BSE Filings, Company Announcements