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ISIN No
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INE368I01016
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BSE Code / NSE Code
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532986 / NIRAJ
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Book Value (Rs.)
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44.55
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Face Value
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10.00
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Bookclosure
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26/09/2024
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52Week High
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52
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EPS
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3.54
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P/E
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8.32
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Market Cap.
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175.92 Cr.
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52Week Low
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20
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P/BV / Div Yield (%)
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0.66 / 0.00
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Market Lot
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1.00
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Security Type
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Other
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The company history sections lists out major chronological events that happened to the company.
| We are an engineering and construction company focusing on road construction
development. We were incorporated on April 1, 1998 as a private company. We
took over the business of Niraj Cement Structurals (partnership firm) in December
1999, which was engaged in cement structural business since 1987. We are
catering to road projects through sub contracting. We are headquartered in
Mumbai and have capability to execute various road construction projects.
Our present areas of operations are sub-contracting including providing EPC
services. We have a fleet of construction equipment all of which we own directly
or through our joint ventures. We believe that our employee resources and fleet of
equipment, along with our engineering skills and capabilities, enable us to
successfully implement a wide variety of road construction projects that involve
varying degrees of complexity.
We enter into sub-contracting assignments primarily through a competitive bidding
process. We execute most of our projects as the sub-contractor though we aim to
establish our direct presence over a period of time. As the project sizes are
expanding we team with major contractors to meet specific eligibility requirements
for certain larger projects, including requirements relating to particular types of
experience and financial resources, we also enter into project-specific joint ventures
with other construction companies at times as minor partners and EPC sub-contractor.
HISTORY AND MAJOR EVENTS
Year Event
1998 Incorporated as a Private Limited Company
1999 Forayed into Project Execution with setting up of a Joint Venture with
Prakash Construction & Engineering Company
1999 Joint Venture with Prakash Construction awarded Bandra- Worli Sealink (Pkg III)
2001 Awarded Orissa Project
2002 Imported concrete slip form paver machines-1000 from Guntert & Zimmerman,
USA of 17 meter wide paving capacity Imported concrete batching plant from
SIMEM, Italy with capacity 160 Cum/ Hr
2006 Conversion from Private Limited Company to Public Limited Company
Rolling quality Trophy Award for the year 2004-05 of L& T Ltd , ECC division for
our Project of Widening to 4/6 lanes and strengthening of existing 2 lane Carriage
way of NH 60 In the state of Orissa
2008
-Niraj Cement Structurals Ltd to enter the capital market.
2011
-The company has recommended dividend of Rs. 0.50/- (5%) per equity share of face value of Rs. 10/- each.
-The company entered into an agreement with Goa State Infrastructure Development Corporation Limited for construction of bypass road for mining traffic.
-The company secured contract from Madhya Pradesh Road Development Corporation Limited, Bliopal viz., Widening and Re-construction of Mihona-Lahar-Daboh-Bhander-Chirgaon Road.
2015
-Niraj Cement gets order worth Rs 16.28 crore in Odisha.
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