Niraj Cement JV Wins Rs 1.15 Bn Contract from NHAI
04 Apr 2025
2 Min Read
CW Team
Niraj Cement Structurals witnessed a 1.81 per cent increase in its share price, reaching Rs 55.13, following the announcement that its joint venture, Niraj-SPPL JV, secured a significant construction contract worth Rs 1.15 billion from the National Highway Authority of India (NHAI). The announcement was made post-market hours on 28 March 2025.
The awarded project involves the construction of five vehicular underpasses (VUPs) at various locations鈥擪m 434+150, Km 452+150, Km 456+000, Km 462+670, and Km 466+270鈥攁s well as one flyover at Km 442+610. The scope also includes approach roads and forms part of the infrastructure development along the Puintola to Icchapuram section of National Highway-16 in Odisha. The work will be undertaken on an engineering, procurement, and construction (EPC) basis and is scheduled for completion within 12 months.
Niraj Cement Structurals, a company focused on providing infrastructural services, has demonstrated notable financial resilience. In the third quarter of the financial year 2024-25 (Q3 FY25), the company reported a consolidated net profit of Rs 20.17 million, marking a 65.6 per cent increase year-on-year. This performance was achieved despite a 5.4 per cent decline in revenue from operations, which stood at Rs 1.19 billion compared to the same quarter in the previous fiscal year.
As of 1 April 2025, the company鈥檚 market capitalization on the BSE was recorded at Rs 2.38 billion, reflecting positive investor sentiment and confidence in its ongoing and future projects.
News source: Business Standard
Niraj Cement Structurals witnessed a 1.81 per cent increase in its share price, reaching Rs 55.13, following the announcement that its joint venture, Niraj-SPPL JV, secured a significant construction contract worth Rs 1.15 billion from the National Highway Authority of India (NHAI). The announcement was made post-market hours on 28 March 2025.
The awarded project involves the construction of five vehicular underpasses (VUPs) at various locations鈥擪m 434+150, Km 452+150, Km 456+000, Km 462+670, and Km 466+270鈥攁s well as one flyover at Km 442+610. The scope also includes approach roads and forms part of the infrastructure development along the Puintola to Icchapuram section of National Highway-16 in Odisha. The work will be undertaken on an engineering, procurement, and construction (EPC) basis and is scheduled for completion within 12 months.
Niraj Cement Structurals, a company focused on providing infrastructural services, has demonstrated notable financial resilience. In the third quarter of the financial year 2024-25 (Q3 FY25), the company reported a consolidated net profit of Rs 20.17 million, marking a 65.6 per cent increase year-on-year. This performance was achieved despite a 5.4 per cent decline in revenue from operations, which stood at Rs 1.19 billion compared to the same quarter in the previous fiscal year.
As of 1 April 2025, the company鈥檚 market capitalization on the BSE was recorded at Rs 2.38 billion, reflecting positive investor sentiment and confidence in its ongoing and future projects.
News source: Business Standard
Next Story
3i Infotech Reports Rs 7.25 Bn Revenue for FY25
3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..
Next Story
Emerald Finance Joins Baya PTE to Boost SME Bill Discounting
Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..
Next Story
BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25
BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, 鈥淲e are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..
