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Niraj Cement Structurals Bags Rs 82.66 Crore Order from MMRDA
Niraj Cement Structurals Limited (JV) has secured a domestic work order from the Mumbai Metropolitan Region Development Authority (MMRDA) valued at Rs 82.66 crore, including GST. The project involves providing connectivity between the SGMC monorail station and Mahalaxmi metro/suburban stations through a Foot Over Bridge (FOB) equipped with a travellator. The contract is scheduled for completion within a 12-month timeframe, providing clear revenue visibility for the upcoming fiscal year.
Key Highlights
Awarded a contract worth Rs 82.66 crore including GST from MMRDA.
Project involves infrastructure work for connectivity at Mahalaxmi station using FOB and Travellators.
The execution period for the entire contract is 12 months.
The order has been bagged in a Joint Venture (JV) capacity.
👀 What to Watch
Investors should track the company's execution progress over the 12-month period and monitor how this order contributes to the overall order book and margin profile.
