B R Goyal Infrastructure Secures NHAI Contract

11 Mar 2025 CW Team

B R Goyal Infrastructure's shares rose 2.49% to Rs 123.50 after the company secured a significant work order worth Rs 707.5 million from the National Highways Authority of India (NHAI).

According to an exchange filing, the contract involves the engagement of a user fee collection agency via e-tender for the Newadakanthi fee plaza situated at Design Km 405.650 on the Aligarh-Kanpur section of National Highway 91 in Uttar Pradesh. The project spans from Design Km 373.085 to Km 433.728 (existing Km 356.000 to Km 414.000), catering to four or more lanes. The work order is valued at Rs 707.5 million and is expected to be completed within a year.

B R Goyal Infrastructure specializes in infrastructure development, including roads, highways, bridges, and buildings, and offers EPC services for third-party projects such as commercial complexes, industrial parks, housing projects, and HAM projects. Additionally, the company engages in wind power generation, manufacturing of ready-mix concrete (RMC), and toll collection contracts (TCC).

As of 30 September 2024, the company employed 402 permanent employees and 212 workers at TCCs. It recorded a revenue of Rs 1.55 billion and a net profit of Rs 19.4 million as of 31 July 2024.

The company made its stock market debut on 14 January 2025, listing at Rs 135.75, a 0.56% premium over its initial public offer (IPO) price. The stock has since risen 4.60% above its listing price.

The IPO, held between 7 January 2025 and 9 January 2025, was a massive success, being subscribed 109.91 times with a price band of Rs 128 to Rs 135 per share.

B R Goyal Infrastructure's latest achievement further strengthens its portfolio in toll collection contracts.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..