Niraj Cement JV Wins Rs 1.15 Bn Contract from NHAI

04 Apr 2025 CW Team

Niraj Cement Structurals witnessed a 1.81 per cent increase in its share price, reaching Rs 55.13, following the announcement that its joint venture, Niraj-SPPL JV, secured a significant construction contract worth Rs 1.15 billion from the National Highway Authority of India (NHAI). The announcement was made post-market hours on 28 March 2025.

The awarded project involves the construction of five vehicular underpasses (VUPs) at various locations—Km 434+150, Km 452+150, Km 456+000, Km 462+670, and Km 466+270—as well as one flyover at Km 442+610. The scope also includes approach roads and forms part of the infrastructure development along the Puintola to Icchapuram section of National Highway-16 in Odisha. The work will be undertaken on an engineering, procurement, and construction (EPC) basis and is scheduled for completion within 12 months.

Niraj Cement Structurals, a company focused on providing infrastructural services, has demonstrated notable financial resilience. In the third quarter of the financial year 2024-25 (Q3 FY25), the company reported a consolidated net profit of Rs 20.17 million, marking a 65.6 per cent increase year-on-year. This performance was achieved despite a 5.4 per cent decline in revenue from operations, which stood at Rs 1.19 billion compared to the same quarter in the previous fiscal year.

As of 1 April 2025, the company’s market capitalization on the BSE was recorded at Rs 2.38 billion, reflecting positive investor sentiment and confidence in its ongoing and future projects.

News source: Business Standard

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..