M/s. Niraj Cement Structurals Limited (Joint Venture) has received a major infrastructure work order from the Ministry of Road Transport and Highways (MoRTH). The company officially disclosed this development on December 18, 2025, in line with regulatory requirements.
Project Value and Scope
The contract is valued at ₹322.27 crore, inclusive of GST, reflecting the overall size and consideration of the project. MoRTH, a domestic government authority, has awarded the work for the four-laning of the Ponda–Bhoma section of National Highway-748.
Project Details
The project covers the stretch from Km 125.440 to Km 135.050 in the State of Goa and will be executed under the EPC (Engineering, Procurement, and Construction) mode. As per the contract terms, the execution period is 18 months from the appointed date.
Regulatory Disclosure
The receipt of this work order has been disclosed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also submitted Annexure 1, providing all relevant details as required under the SEBI circular dated July 13, 2023.
No Related Party Interest
Niraj Cement Structurals Limited confirmed that the promoter, promoter group, or group companies have no interest in the awarding entity. Additionally, the contract does not fall under related party transactions, ensuring full compliance and transparency.
This order strengthens the company’s presence in the road infrastructure segment and adds a sizeable EPC project to its order book, supporting future revenue visibility.
