+
Niraj Cement JV Wins Rs 1.15 Bn Contract from NHAI
Cement

Niraj Cement JV Wins Rs 1.15 Bn Contract from NHAI

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

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

Next Story
Resources

CASE Launches ‘Shilpi’ to Train Youth in Equipment Servicing

CASE Construction Equipment, a CNH brand, has launched Project Shilpi, a CSR initiative to train youth in backhoe loader maintenance and servicing. The programme targets ITI and diploma holders from economically weaker sections, aiming to address the skill gap in the construction equipment servicing sector.  “At CASE, we believe in enabling communities through skills that transform lives... Through this initiative, we aim to strengthen India’s technical workforce while empowering individuals to achieve socio-economic independence,” said Kavita Sah, India CSR Head, CNH. &nb..

Next Story
Resources

Himadri Named CDP Supplier Engagement Leader with ‘A’ Rating

Himadri Speciality Chemical has been recognised as a 2024 CDP Supplier Engagement Leader, earning an ‘A’ rating for its performance in supply chain climate action. This places Himadri among the top-rated global companies in the CDP’s Supplier Engagement Assessment. The company scored high in key categories including supplier engagement, Scope 3 emissions verification, risk management, and governance, demonstrating strong alignment with global climate disclosure frameworks. “Being recognised as a CDP Supplier Engagement Leader is a proud moment for all of us... Our commitment ..

Next Story
Resources

Trimble, IIT Madras Join Hands to Donate 20 Custom Wheelchairs

Trimble has partnered with the National Centre for Assistive Health Technologies (NCAHT) at IIT Madras to support inclusive mobility through the donation of 20 custom-fitted wheelchairs. Backed by an initial ₹15 lakh contribution, the lightweight (9 kg) wheelchairs are tailored to individual needs and rival high-end imports in quality. Recipients will be selected through a structured process including assessments, prescription, and training to ensure long-term usability. “At Trimble, we believe accessibility is fundamental... Through this partnership with IIT Madras, we hope to s..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?