A B Infrabuild Limited has informed the Exchange about Awarding of order(s)/contract(s)
ABINFRA · price
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A B Infrabuild Limited has received a Letter of Acceptance for constructing a Road Over Bridge (ROB) on the Baruva-Mandasa section under the Khurdha Road Division of East Coast Railways, Indian Railways. The project involves composite girder and T-beam girder construction work at Railway Km 662/9-11. The contract is valued at approximately Rs. 42.68 crores with a 24-month execution timeline. The order has been awarded by a domestic government entity and is not a related-party transaction.
This is a positive development as it adds a new government-backed order worth ~Rs. 42.68 crores to the company's order book, providing revenue visibility over the next two years. Government railway orders are typically considered low-risk for payments, which should be viewed favorably by shareholders.