B R Goyal Infra Rises post Rs 707.5 Million NHAI Work Order

11 Mar 2025 CW Team

B R Goyal Infrastructure’s stock rose 2.49% to Rs 123.50 after securing a Rs 707.5 million work order from the National Highways Authority of India (NHAI). The order involves engaging a user fee collection agency through competitive e-tendering for the Newadakanthi fee plaza on the Aligarh-Kanpur section of National Highway 91 in Uttar Pradesh. The project, covering a four-lane section from Design Km 373.085 to Km 433.728, is set to be completed within a year.

B R Goyal Infrastructure specialises in infrastructure projects like roads, highways, and buildings and also offers EPC services, wind power generation, ready-mix concrete manufacturing, and toll collection. As of September 30, 2024, the company had 614 employees, including 212 in toll collection contracts.

The company reported Rs 1.55 billion in revenue and Rs 19.4 million in net profit as of July 31, 2024. Listed on January 14, 2025, at Rs 135.75, the stock trades 4.60% above its IPO price of Rs 135 per share. The IPO, held from January 7–9, was subscribed 109.91 times.

(Business Standard)

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