Intimation of execution of Subcontract Agreement by the Company with Kevadiya Construction Limited.
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Awaiting price reaction for this filing.
B.R.Goyal Infrastructure Ltd has signed a subcontract agreement with Kevadiya Construction Limited (KCL) for a project in Tamil Nadu. The work involves construction of an underground sewerage system in Namakkal Municipality under the TNCRUDP-2023-2024 Phase I scheme, covering left-out and added areas. The total contract value is ₹102.05 crore (including GST), with an expected completion timeline of 24 months. The company clarified this is not a related party transaction.
This is a meaningful new order win for B.R.Goyal Infrastructure, adding ₹102 crore to its order book, which should support revenue visibility over the next two years. The stock may see positive sentiment as the contract strengthens the company's execution pipeline.