Niraj Cement's JV Wins Rs 1.15 Billion NHAI Contract
ROADS & HIGHWAYS

Niraj Cement's JV Wins Rs 1.15 Billion NHAI Contract

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

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

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code