Niraj Cement Structurals Secures ₹268.92 Cr BRO Project; Stock Hits 20% Upper Circuit

 Summary

Niraj – Satish JV has received a work order for the construction of a 10.9 km, 4-lane paved shoulder Greenfield bypass (Pattan Bypass) on the Srinagar - Baramulla - Uri (NH-01) in Jammu & Kashmir. The project falls under Project Beacon (BRO) and is awarded on EPC mode, with a contract value of ₹268.92 Cr (excluding GST).

Stock Performance:

  • Niraj Cement Structurals's stock hit the 20% upper circuit, surging to ₹59.02 from the previous close.

  • Previous Close ₹49.19
  • Market Cap ₹255.19 Cr

Key Data Points:

  • Project Name: Pattan Bypass (Greenfield Bypass)
  • Total Length: 10.9 km
  • Location: Srinagar - Baramulla - Uri (NH-01), J&K
  • Contract Value: ₹268.92 Cr (Excluding GST)
  • Awarding Authority: Border Roads Organization (BRO)
About the company:

Incorporated in 1972, Niraj Cement Structurals Ltd provides infrastructural services across domains spanning over Transportation, Urban Infrastructure, BRTS Projects, Metros, Segmental Turnkey EPC Projects, Industrial Infrastructure, and Irrigation.

Disclaimer:
The information provided on Equity Insights Hub is for educational and informational purposes only. We do not provide financial or investment advice. Readers are advised to consult a SEBI-registered financial advisor before making any stock market decisions. Equity Insights Hub is not responsible for any financial losses.

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