MUMBAI, India – November 24, 2025 – In a significant development, Niraj Cement Structurals Limited (BSE: 532986, NSE: NIRAJ), a prominent player in the infrastructure and construction sector, has officially announced the receipt of a substantial work order from the National Highways and Infrastructure Development Corporation Limited (NHIDCL).
Key Project Details and Contract Value
The company, in a regulatory filing submitted to both BSE Limited and the National Stock Exchange of India (NSE), informed that the order is for the “Construction of two-lane road with paved shoulder of Kohima Bypass road.” This project falls under the prestigious Special Accelerated Road Development Programme for North Eastern States (SARDP-NE).
The total contract value is a robust Rs. 220.14 Crores (inclusive of GST), marking a significant milestone for the company. The project is to be executed on an Engineering, Procurement, and Construction (EPC) mode, a model where a single entity is responsible for all stages from design to completion.
Strategic Importance and Project Scope
The project involves constructing a crucial bypass road connecting multiple national highways—NH-39 (New NH-02), NH-150 (New NH-02), NH-61 (New NH-29), and NH-39 (New NH-02)—in the state of Nagaland. The specific stretch covers a design length of 11.268 Kilometers, from Design Km 21.000 to Design Km 32.268. The development of this infrastructure is part of a strategic initiative to enhance road connectivity and accelerate economic growth in India’s North-Eastern region.
Execution Timeline and Corporate Governance
As per the disclosure made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has been allotted a time frame of 24 months to complete the project.
The announcement, signed by Mr. Anil Anant Jha, Company Secretary & Compliance Officer of Niraj Cement Structurals, also clarified that the order is a domestic contract and does not constitute a related party transaction, ensuring it is conducted at arm’s length.
Analysis and Market Perspective
This order is a strong positive for Niraj Cement Structurals, significantly enhancing its order book and providing clear revenue visibility for the next two fiscal years. Securing a project of this scale from a government entity like NHIDCL underlines the company’s technical competence and execution capabilities in the competitive road infrastructure space. The focus on the North-Eastern region, a key development area for the Indian government, also positions the company well for potential future contracts.
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