Niraj Cement's JV Wins Rs 1.15 Billion NHAI Contract

02 Apr 2025 CW Team

Niraj Cement Structurals has announced that its joint venture, Niraj-SPPL JV, has been awarded a construction contract worth Rs 1.15 billion by the National Highway Authority of India (NHAI). The announcement was made after market hours on 28 March 2025.

The project involves the construction of five Vehicular Underpasses (VUPs) at specific locations—Km 434+150, Km 452+150, Km 456+000, Km 462+670, and Km 466+270—along with a flyover at Km 442+610, including approach roads. The work is part of the Puintola to Icchapuram section of NH-16 in Odisha and will be carried out on an engineering, procurement, and construction (EPC) basis. The contract is set for completion within 12 months.

Niraj Cement Structurals specializes in infrastructural services and has reported strong financial performance in the latest quarter. In Q3 FY25, the company recorded a consolidated net profit of Rs 20.17 million, reflecting a 65.6 per cent increase compared to the same quarter in the previous fiscal year. However, revenue from operations declined by 5.4 per cent to Rs 1.19 billion during the same period.

News source: Business Standard

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..