+
B R Goyal Infrastructure Secures NHAI Contract
ROADS & HIGHWAYS

B R Goyal Infrastructure Secures NHAI Contract

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.

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.

Next Story
Infrastructure Urban

India to Invest Rs 600 Billion to Upgrade 1,000 ITIs

As part of its drive to modernise vocational training, the Ministry of Skill Development and Entrepreneurship (MSDE), in collaboration with Gujarat’s Labour and Employment Department, held a State-Level Workshop at the NAMTECH Campus within IIT-Gandhinagar to discuss the National Scheme for ITI Upgradation.The consultation brought together key stakeholders from industry and the training ecosystem to align expectations and support implementation of the scheme, which aims to transform 1,000 Industrial Training Institutes (ITIs) across India using a hub-and-spoke model. The total outlay stands ..

Next Story
Infrastructure Urban

India Unveils Rs 600 Billion Maritime Finance Push

The Ministry of Ports, Shipping & Waterways (MoPSW) hosted the Maritime Financing Summit 2025 in New Delhi, bringing together over 250 stakeholders including policymakers, industry leaders, global investors, and financial institutions. The summit, held under the ambit of Maritime Amrit Kaal Vision (MAKV) 2047, focused on transforming India into a leading maritime power with strengthened financial, infrastructural, and technological capabilities.Union Minister Sarbananda Sonowal emphasised India's strategic progress, noting that average port turnaround times have dropped from four days to u..

Next Story
Infrastructure Urban

Govt Allocates Rs 500 Million To Boost Community Radio

The Central Government, through its ‘Supporting Community Radio Movement in India’ scheme, has allocated Rs 500 million to strengthen the community radio ecosystem across the country. The initiative aims to assist both newly established and long-operational Community Radio Stations (CRSs), ensuring their relevance to local educational, social, cultural, and developmental needs.According to the policy published by the Ministry of Information and Broadcasting, CRSs may be set up by not-for-profit organisations with at least three years of demonstrated community service. These stations are ex..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?