SYNOPSIS: Niraj Cement Structurals (JV) secured two railway infrastructure contracts worth Rs. 230 crore–exceeding its market capitalisation–from NF Railway, covering bridge construction and allied works across multiple projects, with execution timelines of 9-12 months.
During Tuesday’s trading session, shares of a company involved in providing infrastructural services surged nearly 9 percent on BSE, after the company announced securing orders worth nearly Rs. 230 crores from Northeast Frontier Railway.
At 10:45 a.m., shares of Niraj Cement Structurals Limited were trading in the green at Rs. 34.21 on BSE, up by over 2 percent, compared to its previous closing price of Rs. 33.46, with a market cap of Rs. 204.2 crores. The stock has delivered negative returns of over 46 percent in one year, and has fallen by around 21 percent in the last one month.
News
As per its latest exchange disclosure, Niraj Cement Structurals Limited (JV) has secured two construction contracts from Northeast Frontier Railway (NF Railway), with a combined order value of nearly Rs. 230 crore – an amount that exceeds the company’s current market capitalisation.
The first contract, valued at Rs. 50.95 crore, involves the construction of substructure and superstructure for Bridge No. 312/A. The scope includes a welded steel composite girder (Road Over Bridge) with spans of 1×24 m, 1×36 m, and 1×24 m at chainage 199/3-4 km between Bilasipara and Chapar stations, under the New Maynaguri–Jogighopa BG Line Project. The execution timeline for this project is 12 months.
The second order, valued at Rs. 179.11 crore, covers the construction of 9 minor bridges, balance wing walls/return walls for various major bridges, providing and fixing height gauges at multiple Road Under Bridges (RUBs), and other allied works in the Araria-Galgalia Project. It also includes fixing height gauges at the RNI-BPMS siding. This project is scheduled for completion within 9 months.
Financials
Niraj Cement reported a significant growth in revenue from operations, experiencing a year-on-year increase of over 24 percent, from Rs. 138.09 crores in Q2 FY25 to Rs. 171.74 crores in Q2 FY26. Likewise, its net profit increased during the same period from Rs. 3.92 crores to Rs. 8.81 crores, representing an impressive rise of nearly 125 percent YoY.
Founded in 1972, Niraj Cement Structurals Limited is engaged in the business of providing infrastructure and construction services. As of FY25, the company reported an order book of Rs. 1,800 crores, ensuring revenue visibility and sustained growth momentum.
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