Niraj Cement Structural’s JV receives order worth ₹115 Cr from NHAINiraj Cement Structural’s JV receives order worth ₹115 Cr from NHAI

Introduction:

Leading infrastructure developer has secured a ₹115.01 crore order from NHAI for constructing five vehicular underpasses and a flyover on NH-16 in Odisha, enhancing connectivity and ensuring smoother traffic flow under the EPC mode.

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Share price movement of Niraj Cement:

On March 28, 2025, Niraj Cement Structurals Ltd opened at ₹59.98, up from its previous close of ₹54.47. The stock reached a high of ₹59.98 and a low of ₹53.66. By 4:00 PM, it traded at ₹54.15, down 0.59%, with a market cap of ₹234.14 crore.

Niraj Cement Structurals JV Secures ₹115.01 Crore NHAI Order:

Niraj Cement Structurals Limited, through its joint venture Niraj-SPPL JV, has received a ₹115.01 crore work order from the National Highway Authority of India (NHAI) for infrastructure development in Odisha. The project will be executed under the Engineering, Procurement, and Construction (EPC) mode.

The contract involves constructing five vehicular underpasses (VUPs) at key locations along NH-16 and a flyover with approach roads in the Puintola to Ichchapuram section. The project is expected to be completed within 12 months.

Ace investor holding in Niraj Cement:

Dileep Kumar Singh

Dileep Kumar Singh holds a 9.78% stake in Niraj Cement Structurals Ltd., owning 4,230,791 shares valued at ₹23.0 crore, reflecting his significant investment in the company’s growth and operations.

Stock performance of Niraj Cement for Period of 1 week, 6 months, and 1 year:

Niraj Cement Structurals Ltd delivered a -5.48% return over the past week, declining by 13.8% in the past six months. The stock gained 46.9% over the past year.

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Shareholding pattern of Niraj Cement:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	22.50%	24.30%	24.30%
FII	0%	0%	0%
DII	0%	0%	0%
Public	77.50%	75.60%	75.70%

About Niraj Cement:

Niraj Cement Structurals Ltd (NSE: NIRAJ), incorporated in 1972, specializes in specialty engineering construction and infrastructure, offering end-to-end solutions for highways, bridges, tunnels, expressways, irrigation, drainage, and turnkey projects across various sectors.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.