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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?