Rs 1,150 crore order book: This multibagger civil construction bags new order worth Rs 50.80 crore from National Highway Authority of India
The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 480 per cent in 3 years
Brahmaputra Infrastructure Ltd has been awarded a contract worth Rs. 50.80 crore by the National Highway Authority of India (NHAI) to build a four-lane divided carriageway road with paved shoulders in the state of Assam. The project involves two sections: one on NH-36 from kilometre 5.50 to kilometre 35.86 and another on NH-54 from kilometre 0.00 to kilometre 22.00, including the construction of a 2.11-kilometre Doboka Bypass. The agreement uses the Engineering, Procurement and Construction (EPC) mode, meaning Brahmaputra Infrastructure will be responsible for the design, sourcing of materials, and construction of the entire project.
Earlier, the company was awarded a substantial contract worth Rs 108.71 crore by the Chief Engineer Water Resource Department, Assam, to undertake two crucial riverbank protection projects in the state. The first project, valued at Rs 69.96 crore, will address riverbank erosion in Kamrup (Rural) district through a combination of underwater and above-water works in specific areas like Siminia, Makadhuj Area to Futuri, Dakhala (Kalitapara), and Guimara. The second project, worth Rs 38.75 crore, focuses on similar riverbank protection measures in Dibrugarh district, primarily around Nagakhelia and Chaulkhowa near the Bogibeel Bridge. Both projects encompass underwater and above-water interventions and will be executed adhering to all government regulations.
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Founded in 1998, Brahmaputra Infrastructure Ltd. (BIL) is a versatile construction company with a strong foothold in diverse infrastructure sectors. BIL thrives in the EPC & Real Estate Development Business, undertaking projects ranging from the construction of bridges, flyovers, and highways to airports, buildings, tunnels, and even mining projects. They have successfully developed and managed the largest shopping mall in Northeast India, showcasing their expertise in large-scale infrastructure projects. The company has a market cap of over Rs 250 crore and has an order book of Rs 1,150 crore along with its Joint operations as of May 30, 2024.
The shares of the company have a PE of 17x whereas the industry PE is 30.2x. The stock gave multibagger returns of 165 per cent in just 1 year and a whopping 480 per cent in 3 years. Investors should keep an eye on this micro-cap civil construction stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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