Rs 873 Crore Order Book: Road Construction Company Bags New Order Worth Rs 10,90,00,000 From NHIT Eastern Projects Pvt Ltd
The stock is up by 21 per cent from its 52-week low of Rs 95 per share.
B.R. Goyal Infrastructure Limited has announced the receipt of a significant work order from NHIT Eastern Projects Private Limited. The contract involves improvement works on the Lakhnadon-Khawasa section of NH-44 in Madhya Pradesh, valued at Rs 10.90 crore. The project is set to be executed within six months and is awarded on an item rate mode. This development marks a notable addition to the company's portfolio, emphasizing its capabilities in executing large-scale infrastructure projects. The work order is domestic, with no related party transactions involved. This contract is expected to enhance the company's presence in the infrastructure sector, particularly in the state of Madhya Pradesh.
B.R. Goyal Infrastructure Limited, established in 2005, specializes in infrastructure development, focusing on roads, highways, bridges, and buildings. The company operates across several business segments, including EPC services, RMC manufacturing, toll collection, residential projects, and wind energy. EPC services contribute the largest share of revenue at 68.18%, followed by toll collection at 26.53 per cent. The company has a robust order book valued at Rs 873 crore as of September 30, 2024, with a significant portion dedicated to roads and highways projects. B.R. Goyal Infrastructure has completed numerous projects, such as the Kusumba to Malegaon Road and Rewa City Roads, showcasing its expertise in infrastructure execution. The company also raised Rs 85.2 crore through an IPO in January 2025, aimed at capital expenditure, working capital, and acquisitions.
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B.R. Goyal Infrastructure Limited has a market capitalization of Rs 272 crore. The company's Price-Earnings (PE) Ratio stands at 11.79; an ROE of 19 per cent and an ROCE of 22 per cent. The stock is up by 21 per cent from its 52-week low of Rs 95 per share.
Disclaimer: The article is for informational purposes only and not investment advice.