Niraj Cement Structurals Limited has secured two major work orders worth ₹230.06 crores from Northeast Frontier Railway (NF Railway), the company announced in a regulatory filing. The orders represent significant business wins for the infrastructure development company in the railway construction segment, with the contract value exceeding the company's current market capitalization of ₹221.29 crores.

Order Details and Scope

The company received two distinct work orders from NF Railway, each with specific construction requirements and timelines:

Bridge Construction Project

The first order, valued at ₹50.95 crores including GST, involves the construction of substructure and superstructure for Bridge No. 312/A. The project specifications include:

• Span configuration: 1x24.0m + 1x36.0m + 1x24.0m Welded Steel Composite Girder
• Type: Road Over Bridge at Chainage 199/3-4 km over State Highway
• Location: Between Bilasipara-Chapar stations
• Connection: New Maynaguri-Jogighopa New B.G. Line Project
• Completion timeline: 12 months

Multi-Infrastructure Development Project

The larger order worth ₹179.11 crores includes comprehensive infrastructure development work:

• Construction of nine minor bridges
• Balance wing walls and return walls for various major bridges
• Height gauges installation in Road Under Bridges (RUBs)
• Miscellaneous and ancillary works under Dy. CE/Con/NJP
• Work scope covers Araria-Galgalia Project
• Additional height gauges for RNI-BPMS siding
• Project duration: 9 months

Market Impact and Financial Significance

The order wins are particularly significant given the company's financial scale:

Regulatory Compliance

Niraj Cement Structurals Limited disclosed these order wins pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that:

• Both orders are from domestic entities
• No promoter or group company interest exists in the awarding entity
• The contracts do not fall under related party transactions
• All work will be executed through the company's joint venture structure

The orders strengthen the company's position in railway infrastructure development and demonstrate its capability to handle complex bridge construction and multi-faceted infrastructure projects across India's expanding railway network.

Niraj Cement Structurals Limited has announced the receipt of a major infrastructure contract worth ₹46.52 crores including GST from Western Railway. The company disclosed this development under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation 2015 on January 09, 2026.

Contract Details and Scope

The comprehensive railway infrastructure project involves quadrupling works between Gandhidham (GIM) and Adipur (AI) stations, including a Y-connection at Adipur for direct entry towards Mundra Port and Bhuj. The contract encompasses a wide range of construction activities over a 10-kilometer stretch.

Project Components and Infrastructure Works

The contract includes execution of various specialized construction works essential for railway infrastructure development:

• Earthworks: Bank and cutting for formation including blanketing
• Bridge Construction: Major bridges, minor bridges with PSC slabs, and RCC box bridges
• Level Crossing Infrastructure: RUB/LHS in lieu of level crossings
• Building Structures: Platform construction and building infrastructure
• Protection Works: Stone pitching, toe walls, retaining walls, and side drains
• Track Infrastructure: Laying and linking of tracks with various permanent way related works
• Material Supply: Ballast supply and other incidental works
• Passenger Facilities: High-level passenger platform at Gopalpur

Strategic Significance

The project represents a significant infrastructure development initiative connecting key transportation hubs in Gujarat. The quadrupling between Gandhidham and Adipur, combined with the Y-connection providing direct access to Mundra Port and Bhuj, will enhance railway connectivity and freight movement capabilities in the region.

Regulatory Compliance

The company has fulfilled all disclosure requirements under SEBI regulations, confirming that the contract does not involve any related party transactions and that promoters have no interest in the awarding entity. The order represents a purely commercial engagement with Western Railway as a domestic entity.

This substantial contract addition strengthens Niraj Cement Structurals' position in the railway infrastructure sector and demonstrates the company's capability to handle complex, multi-faceted construction projects involving diverse engineering requirements.