Niraj Cement Structurals Secures Rs. 130 Crore PWD Contract
Filing Summary
Niraj Cement Structurals Ltd has received a work order from the Public Works Department (PWD) valued at Rs. 130.83 Crores, including GST. The contract involves the improvement, upgradation, and five-year performance-based maintenance of Road A21_3, covering a length of 26.803 kilometers. The project is scheduled to be completed within 36 months. This order is a domestic contract, and there are no related party transactions involved. The company has disclosed this information under Regulation 30 of SEBI LODR 2015.
Niraj Cement Structurals Ltd has announced the receipt of a work order from the Public Works Department (PWD), valued at Rs. 130.83 Crores, including GST. The order pertains to the improvement, upgradation, and five-year performance-based maintenance of Road A21_3, which spans a length of 26.803 kilometers. The project is expected to be executed over a period of 36 months.
The contract awarded by the PWD is a domestic order, focusing on infrastructure development within India. The scope of work includes comprehensive road improvement and maintenance activities, ensuring the road’s performance over the specified duration. This order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity.
The disclosure of this order has been made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The details of the contract, as required by the SEBI circular dated July 13, 2023, have been provided in the filing.
The Public Works Department (PWD) is responsible for the construction and maintenance of public infrastructure, including roads and bridges, across various regions. The department plays a crucial role in enhancing transportation networks and supporting regional development through such projects.
Niraj Cement Structurals Ltd is engaged in the construction and infrastructure sector, focusing on projects that involve road construction, bridges, and other civil engineering works. The company aims to deliver quality infrastructure solutions, leveraging its expertise in the field to undertake significant projects across the country.