Road construction company receives work order of Rs 60,42,77,575 from NHAI

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Road construction company receives work order of Rs 60,42,77,575 from NHAI

The stock is up by 26 per cent from its 52-week low of Rs 95 per share.

B.R. Goyal Infrastructure Limited has been awarded a domestic work order by the National Highways Authority of India (NHAI) for user fee collection at the Salemgarh fee plaza, located at Km 313.372 on the Gorakhpur–Kasia–UP/Bihar Border section of NH-28. This contract, secured through a competitive e-tendering process, is valued at Rs 60,42,77,575 and covers one year for the management of the highway stretch from Km 279.800 to Km 360.915 in Uttar Pradesh. In addition to systematic toll collection, the scope of the agreement includes the essential upkeep and maintenance of adjacent toilet blocks, ensuring the continuous replenishment of consumables to maintain service standards for commuters.

Earlier, the company secured a domestic contract from the National Highways Authority of India (NHAI) valued at Rs 86,70,77,575. Awarded via e-tendering, the one-year project appoints BRGIL as the user fee collection agency for the Simliya and Fatehpur Fee Plazas on NH-76 in Rajasthan. The scope covers the Kota–Baran section (km 388.263 to km 492.322) and includes the systematic collection of tolls alongside the upkeep and maintenance of adjacent public facilities.

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About the Company

B.R. Goyal Infrastructure Limited (BRGIL), established in 2005, is an integrated EPC (Engineering, Procurement, and Construction) and construction company with a presence across multiple Indian states. Supported by an in-house design and engineering team, the company operates in various sectors, including the construction of roads, highways, bridges, and buildings. BRGIL also manages 12 toll collection contracts for the National Highways Authority of India (NHAI) and has recently expanded into developing underground sewerage systems and wastewater treatment plants. Additionally, the company is involved in Real Estate development, having launched residential plotting projects in Indore.

B.R. Goyal Infrastructure Limited has a market capitalisation of Rs 281 crore. The company's Price-Earnings (PE) Ratio stands at 9, an ROE of 14 per cent and an ROCE of 18 per cent. The stock is up by 26 per cent from its 52-week low of Rs 95 per share.

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