Intimation of execution of Subcontract Agreement with Kevadiya Construction Limited.
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Awaiting price reaction for this filing.
B.R.Goyal Infrastructure Ltd has entered into a subcontract agreement with Kevadiya Construction Limited (KCL) for a sewerage construction project in Theni-Allinagaram Municipality, Tamil Nadu. The project involves building a comprehensive underground sewerage scheme for left-out and added areas, under the TNCRUDP-2023-2024 initiative. The total contract value is INR 39.42 Crore (including GST), with an expected completion timeline of 24 months. KCL is the awarding entity, and the agreement is confirmed to be an arms-length deal with no related party involvement.
This new order adds INR 39.42 Crore to the company's order book, providing revenue visibility over the next 24 months. For a small-cap infrastructure company, securing a subcontract of this size is a positive business development signal, though its material impact on stock price will depend on the company's overall revenue base.