Mumbai (Udaipur Kiran). Shares of Niraj Cement Structurals jumped sharply in Tuesday’s trade after the company announced that it has secured a work order worth ₹19.57 crore from the Municipal Corporation of Greater Mumbai (MCGM).
The stock was trading at ₹35.90 on the BSE, up 7.65 per cent from its previous close of ₹33.35. The scrip opened at ₹35.47 and moved within a range of ₹36.68 and ₹34.78. Around 32,078 shares were traded during the session. The 52-week range for the stock stands between ₹71.94 (1 January 2025) and ₹27.70 (7 November 2025). The company’s market capitalisation is ₹214.30 crore. Promoters hold 24.89 per cent, while institutional and non-institutional investors hold 0.63 per cent and 74.47 per cent respectively.
The newly awarded contract involves the reconstruction of approaches at the Sion Railway Station Railway Over-Bridge (ROB) at km 12.995. The project, valued at ₹19.57 crore including GST, is scheduled for completion within 18 months.
Niraj Cement Structurals is an infrastructure and construction firm primarily engaged in road construction and development across India.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
