Niraj Cement Structurals Secures Rs. 50 Crore Road Construction Order
Filing Summary
Niraj Cement Structurals Ltd has received a work order from the Ministry of Road Transport and Highways valued at Rs. 50 Crores including GST. The project involves the construction of the Mandvi Bypass road on NH-41 in Gujarat, spanning 6.1 km under the EPC mode of contract. The project is scheduled for completion within 18 months. This order is not a related party transaction, and there is no promoter interest involved. The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015.
Niraj Cement Structurals Ltd has announced the receipt of a work order from the Ministry of Road Transport and Highways (MoRTH) valued at Rs. 50 Crores including GST. The order pertains to the construction of the Mandvi Bypass road from km. 97/200 to km. 104/200 on NH-41 in the state of Gujarat. The project will be executed under the EPC mode of contract and covers a total length of 6.1 km.
The work order specifies a completion timeline of 18 months. The project is classified as a domestic contract, with no international involvement. The filing confirms that the order does not constitute a related party transaction, and there is no interest from the promoter or promoter group in the entity awarding the contract.
This disclosure was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The details were further elaborated in Annexure-1 of the filing, which aligns with the SEBI circular dated July 13, 2023.
The Ministry of Road Transport and Highways is responsible for the development and maintenance of the national highways network in India. The ministry’s focus includes enhancing road infrastructure to improve connectivity and support economic growth.
Niraj Cement Structurals Ltd specializes in infrastructure development, focusing on road construction and related projects. The company is committed to executing projects efficiently under various contract models, including EPC. Its strategic priorities include expanding its project portfolio and enhancing operational capabilities in the infrastructure sector.