Brahmaputra Infrastructure wins Rs 89.73 crore Punjab bridge contract through JV

Brahmaputra Infrastructure Ltd. has secured a Letter of Acceptance for an Rs 89.73 crore bridge project in Punjab through its joint venture with Ganesh Kartikey Pvt. Ltd., adding a sizeable civil infrastructure assignment to its project pipeline.

The contract, awarded by the Chief Engineer, Central, Punjab PWD (B&R), Patiala, involves Construction of a high-level major bridge over the River Ravi at Makoura Pattan in Gurdaspur and Pathankot districts. The Letter of Acceptance, issued under Memo No. 1417/CRIF dated October 8, 2026, requires completion within 24 months.

The project involves a 44-span bridge, with each span measuring 36.50 metres, taking the total bridge length to 1,606 metres. It will also include 4,144 metres of approach roads. The work is being funded under the Central Road and Infrastructure Fund Scheme and must comply with the approved bidding documents, Ministry of Road Transport and Highways specifications, and CRIF guidelines.

The company will need to furnish performance security and additional performance security as stipulated in the bidding documents. The project also carries compliance requirements linked to National Green Tribunal directions on waste management and other conditions, making timely mobilisation, approvals and execution important over the two-year construction period.

At Rs 89.73 crore, the gross contract value is equivalent to about 24.3 per cent of Brahmaputra Infrastructure’s FY26 net sales of Rs 369.39 crore. However, the company has not disclosed the revenue-sharing arrangement or its economic interest in the joint venture, which means the full contract value should not be treated as revenue attributable solely to Brahmaputra Infrastructure.

The order fits the company’s EPC presence in bridges, roads, buildings, Railways, protection works and other public-sector infrastructure assignments. In its June 2026 quarter, Brahmaputra reported net sales of Rs 110.80 crore, up 20.25 per cent year-on-year and 17.96 per cent sequentially. Profit after Tax for the quarter rose 9.57 per cent year-on-year to Rs 16.48 crore, although PAT margin moderated to 14.87 per cent from 16.32 per cent a year earlier.

Management had indicated during its first-quarter FY27 interaction that its Order Book exceeded Rs 1,600 crore and that it was pursuing railway, road, institutional-building, flood-protection and slope-protection opportunities. The Punjab award extends that project mix beyond the company’s traditional North East focus and adds a large bridge package backed by a government authority.

The company’s strategy has increasingly focused on projects where funding visibility, execution urgency and billing cycles are considered more favourable. That approach is relevant for the Punjab contract, although construction businesses remain exposed to working-capital requirements, client certification timelines, retention money and potential delays in clearances or site execution.

As of 11:36 am on October 9, 2026, Brahmaputra Infrastructure shares were trading at Rs 143.15, up 2.1 per cent from the previous close of Rs 140.20. The stock has gained 59.61 per cent over the past year, compared with a 6.73 per cent decline in the BSE 500 over the same period. It was still about 26.3 per cent below its 52-week high of Rs 194.20.

The next key milestone for the company will be the conversion of the Letter of Acceptance into on-ground mobilisation and execution, while investors will watch for clarity on the joint venture’s share of work and the project’s contribution to revenue over the next 24 months.

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