Road construction company receives work order of Rs 86,70,77,575 from NHAI

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Road construction company receives work order of Rs 86,70,77,575 from NHAI

The stock is up by 26.3 per cent from its 52-week low of Rs 95 per share.

B.R. Goyal Infrastructure Limited (BRGIL) has successfully secured a significant domestic work order from the National Highways Authority of India (NHAI). The contract, awarded through a competitive e-tendering process, appoints BRGIL as the user fee collection agency for two key locations on NH-76 in Rajasthan: the Simliya Fee Plaza (km 409.680) and the Fatehpur Fee Plaza (km 461.290). This project spans the Kota–Baran section of the highway and carries a total accepted value of Rs 86,70,77,575.

Under the terms of this one-year Letter of Award (LOA), the company is responsible for the systematic collection of user fees as well as the essential upkeep and maintenance of adjacent toilet blocks, including the replenishment of consumables. This domestic contract reinforces BRGIL’s presence in the infrastructure sector, specifically in highway operations and management. The execution period is set for one year, during which the company will oversee the specified stretch from km 388.263 to km 492.322.

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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 286 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 26.3 per cent from its 52-week low of Rs 95 per share.

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