Niraj Cement Rallies as ₹220 Cr NHIDCL Road Order Fuels Investor Optimism

delivered a strong performance in today’s session, surging up to 10% intraday before settling with a solid 5.82% gain. The rally was sparked by the company securing a major work order worth ₹220.14 crore from NHIDCL. The project includes the construction of a two-lane road with paved shoulders for the Kohima Bypass in Nagaland, under the Special Accelerated Road Development Programme for the North-Eastern States. Executed on an EPC basis, this order strengthens the company’s infrastructure portfolio and boosts its visibility in government-backed road development initiatives. Investor sentiment remained upbeat as the order enhances future revenue potential.