A B Infrabuild Limited has informed the Exchange about Awarding of order(s)/contract(s)
ABINFRA · price
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Awaiting price reaction for this filing.
A B Infrabuild Limited has received a Letter of Acceptance from East Coast Railways, Indian Railways, for the construction of a Road Over Bridge (ROB) between Mandasa and Baruva Railway Stations on the Howrah-Visakhapatnam main line under the Khurdha Road division. The project involves composite girders and T-Beam girders and is to be completed within 24 months. The total contract value is Rs. 51.43 crores (approximately). The order has been awarded to a domestic entity, and there is no promoter or related-party interest in the awarding body.
This is a positive development as it adds a sizeable government-backed order to the company's order book, providing revenue visibility over the next two years. Government railway orders typically carry lower payment risk, which should be viewed favourably by investors.