Penny stock below Rs 40: This civil construction company bags new orders worth Rs 164,40,00,000 from Indian Railways!

The stock is up over 50 per cent from its 52-week low of Rs 24.04 per share.

Niraj Cement Structurals Limited informed that the company has received 4 work orders worth Rs 164,40,00,000 from Indian Railways. Here are the details:

Order No – 1: The company has received a work order for the construction of 3 good circulating areas with approach roads, goods office at Digaru, Tetelia and Barahu in Connection with Digaru-Hojai Patch of N.F. Railway value worth Rs 47,52,00,000 excluding GST. The order will be completed within 24 months from the LOI.

Order No – 2: The company has received a work order for the construction of ROB at Palghar, Maharashtra and ROB at Saphale, Maharashtra with the construction of western dedicated freight corridor Phase-II Vaitarna from Indian Railway Construction International Limited value of Rs 41,32,00,000 excluding GST. The order will be completed within 15 months from the LOI.

Order No – 3: The company has received a work order for the construction of a passenger circulating area with an approach road, drain and boundary wall from DIGARU to HOJAI in connection with DIGARU-HOJAI Patch Doubling Works of N. F. Railway value of worth Rs 39,54,00,000 excluding GST. The order will be completed within 24 months from the LOI.

Order No – 4: The company received a work order for the execution of balance civil engineering work for the construction of a superstructure by utilizing existing circular railway grinders, dismantling and disposal of the abandoned viaduct of circular railway, firefighting arrangement and other allied work in connection Metro Railway from Noapara to Barasat via Bimanbandar value of worth Rs 36,02,00,000 excluding GST. The order will be completed within 10 months from the LOI.

Niraj Cement Structurals Ltd. is a construction company that provides end-to-end solutions for projects in a variety of sectors, including transportation, urban infrastructure, BRTS projects, industrial infrastructure, and irrigation. It also provides technical and financial support to its subcontractors.

The company has been in the business of speciality engineering construction and infrastructure for over 30 years, and it has a reputation for delivering high-quality projects in even the most challenging conditions.

Today, shares of Niraj Cement Structurals Ltd closed at Rs 35 per share with an intraday high of Rs 37 and an intraday low of Rs 36.50. The stock’s 52-week high is Rs 46.24 and its 52-week low is Rs 24.04.

The company has a market cap of Rs 146.6 crore and reported positive numbers in its Quarterly Results and annual results. The stock is up over 50 per cent from its 52-week low of Rs 24.04 per share. Investors should keep an eye on this micro-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.