Niraj Cement Secures Rs. 322 Crore MoRTH Order for Goa Highway
Filing Summary
Niraj Cement Structurals Ltd has received a work order from the Ministry of Road Transport and Highways (MoRTH) valued at Rs. 322 Crores, including GST. The project involves the 4-laning of the Ponda to Bhoma section of NH-748 in Goa, covering a stretch from Km 125.440 to Km 135.050. The contract is to be executed on an EPC mode within 18 months. This order is a domestic contract and does not involve any related party transactions. The company will undertake this project as part of a joint venture.
Niraj Cement Structurals Ltd has announced the receipt of a work order from the Ministry of Road Transport and Highways (MoRTH). The order is valued at Rs. 322 Crores, inclusive of GST. The project entails the 4-laning of the Ponda to Bhoma section of NH-748 in the state of Goa. The specified section extends from Km 125.440 to Km 135.050 and will be executed on an Engineering, Procurement, and Construction (EPC) mode.
The contract awarded by MoRTH is a domestic order. The execution period for the project is set at 18 months. The project does not involve any related party transactions, and there is no interest from the promoter or promoter group in the entity awarding the contract.
This work order is part of a joint venture involving Niraj Cement Structurals Ltd. The company has not disclosed any further details regarding the joint venture partners or specific roles within the project execution.
The Ministry of Road Transport and Highways is responsible for the development and maintenance of national highways across India. It plays a crucial role in enhancing road infrastructure to facilitate efficient transportation and connectivity.
Niraj Cement Structurals Ltd is engaged in infrastructure development, focusing on road construction and related projects. The company aims to expand its project portfolio through strategic contracts and joint ventures, enhancing its presence in the infrastructure sector.