Niraj Cement Structurals Secures Rs. 19.57 Crore MCGM Contract

Niraj Cement Structurals Ltd has announced the receipt of a work order from the Municipal Corporation of Greater Mumbai (MCGM). The contract is valued at Rs. 19.57 Crores, including GST. The project involves the reconstruction of approaches at the Sion Railway Station Railway Over-Bridge (ROB) at km. 12.995. The execution period for this project is set at 18 months.

The work order was awarded by a domestic entity, the MCGM. The nature of the contract is focused on infrastructure development, specifically the reconstruction of approaches at a significant railway over-bridge. This contract 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 work order was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015. The details provided align with the requirements set forth in the SEBI circular dated July 13, 2023.

The Municipal Corporation of Greater Mumbai is responsible for civic infrastructure and administration in the city of Mumbai. It frequently engages in projects aimed at improving the city’s infrastructure, including roads, bridges, and public utilities.

Niraj Cement Structurals Ltd specializes in infrastructure development, focusing on projects such as roads, bridges, and other civil construction works. The company is committed to executing projects that enhance urban infrastructure and contribute to the development of public amenities.