Niraj Cement Structurals Share Price Jump Over 7% After Securing Rs 19.57 Crore MCGM Work Order

Mumbai, November 19, 2025: Shares of Niraj Cement Structurals Ltd (NSE: NIRAJ | BSE: 532986) jumped over 7% in early trading on Tuesday following a regulatory filing on November 18, 2025. The company revealed that it has secured a substantial work order worth ₹19.57 crore from the Municipal Corporation of Greater Mumbai (MCGM), marking a key boost to investor sentiment and highlighting growth prospects in its civil infrastructure projects.

Niraj Cement Structurals Ltd undertakes infrastructure development projects involving roads, highways, bridges, and government tenders. The company was incorporated in 1998 and is listed on both the NSE and the BSE, and is trading under the tickers NIRAJ and 532986, respectively.

Work Order Details Fuel Market Sentiment

The new work order from Municipal Corporation of Greater Mumbai (MCGM) is for the reconstruction of approaches at Sion Railway Station ROB (Railway Over-Bridge) at km 12.995. According to the filing, the project has an execution timeline of over 18 months. The contract is a domestic civil infrastructure contract. There is no promoter or related-party involvement in the project. The order has come at a time when the shares of the company are already exhibiting high volatility. The fresh order has further added a positive trigger for investor sentiment.

Market Snapshot

The share price of Niraj Cement Structurals Limited was trading at ₹35.68 as of November 19, 2025, 01:10 pm.This was a 7.73% or ₹2.56 rise from its previous close of ₹33.12. The intraday range so far has been between ₹34.30 and ₹36.43. The company has had a positive trading session so far. Its total market capitalisation stood at ₹212.99 crore. Further, it had a total traded value and volume of ₹1.13 crore and 3.16 lakh shares, respectively.

REF: https://nsearchives.nseindia.com/corporate/NIRAJ_18112025171302_Intimation_Work_order.pdf

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