Shares of Niraj Cement Structurals gain on bagging a new work order

About the order 

Niraj Cement Structurals has received a work order from Jawaharlal Nehru Port Trust for the upgradation of Roads and Drainage System Outside Custom Bound Area in J N Port Navi-Mumbai through an Engineering Procurement and Construction (EPC) mode of value worth Rs 210.98 crore excluding GST. The said order is expected to be executed in 24 months.

Share Price Movement 

Niraj Cement Structurals is currently trading at Rs 46.70, up by 2.52 points or 5.70% from its previous closing of Rs 44.18 on the BSE. The scrip opened at Rs 48.49 and touched a high and low of Rs 48.49 and Rs 46.70 respectively. So far 34,172 shares were traded on the counter.

The BSE group ‘B’ stock of face value of Rs 10 has touched a 52-week high of Rs 48.49 and a 52-week low of Rs 24.04. Last one week high and low of the scrip stood at Rs 48.49 and Rs 40.00 respectively. The current market cap of the company is Rs 177.41 crore. The promoters holding in the company stood at 24.26%, while Non-Institutions held a 75.74% stake in the company.

About the company

Niraj Cement Structurals (NCSL) is a modern civil construction company with over 3 decades of experience in the construction industry. Founded in 1998, NCSL specializes in road construction development and has grown from a pre-casting outfit to a modern, state-of-the-art firm. Based in Mumbai, NCSL operates through sub-contracting and provides EPC services. The company has a fleet of construction equipment owned directly or through joint ventures.

NCSL diversifies into infrastructure development, building roads, airport upgradation, and ready-mix concrete. To achieve quality and quantity output, the company owns modern machinery such as Slipform Pavers, Transit Mixers, Taurus Tippers, Crushers, Batching Plants, Dry Lean Concrete pavers, Motor graders, Earthmoving machineries, and Escorts. All equipment is computerized for operation and maintenance.

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