Niraj Cement Structurals touches roof as its JV bags work order worth Rs 292.44 crore
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Niraj Cement Structurals is currently trading at its upper limit of Rs. 37.10, up by 1.76 points or 4.98% from its previous closing of Rs. 35.34 on the BSE.
The scrip opened at Rs. 34.87 and has touched a high and low of Rs. 37.10 and Rs. 34.65 respectively. So far 6696 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.24 on 10-Aug-2023 and a 52 week low of Rs. 24.04 on 23-Mar-2023.
Last one week high and low of the scrip stood at Rs. 38.75 and Rs. 34.35 respectively. The current market cap of the company is Rs. 146.17 crore.
The promoters holding in the company stood at 24.26%, while Non-Institutions held 75.74% stake in the company.
Niraj Cement Structurals’ joint venture (JV) -- Niraj Jandu JV has received work order for Construction of two lane with paved shoulders road from Tamenglong to Mahur (NH-137) in the state of Manipur from km 10.000 near Dialong Village to km 31.430 near Barak River (Length-21.43 km) on EPC mode from National Highway & Infrastructure Development Corporation (NHIDCL) value of worth Rs 292.44 crore excluding GST. The order is to be executed within 18 months.
Niraj Cement Structurals is an infrastructure and construction company. The company focuses on road construction and development in India.
