Intimation of execution of Subcontract Agreement with Kevadiya Construction Limited for a project in the State of Tamil Nadu.

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Price reactionminutes from the announcement price · days from the prior close

+2.8%Reaction day

₹123.00

prior close

₹125.80

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-1.8%+4.6% vs market

Civil Construction peers, median of 84sector-2.0%+4.8% vs sector

On the reaction day the stock moved 4.6 pts more than Nifty Microcap 250 and 4.8 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Sessions after the filingfrom the prior close

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Reaction day

+2.8-1.8+4.6-2.0+4.8

Next day

+2.0-1.5+3.5-0.7+2.7

-0.5-1.3+0.8-1.3+0.8

-1.5-0.8-0.7+0.3-1.7

+0.8+1.1-0.3+1.4-0.6

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15d

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+33.8+4.1+29.7+0.4+33.4

+38.3+0.5+37.8-3.4+41.7

+25.2+2.8+22.4-3.0+28.2

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 84Pending

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AI summary

B.R.Goyal Infrastructure Ltd has signed a subcontract agreement with Kevadiya Construction Limited (KCL) to execute a project in Tamil Nadu. The work involves construction of an underground sewerage system in Mayiladuthurai Municipality under the PDGF programme funded by KfW (German development bank) for 2023-24. The total contract value is INR 24.56 Crore (including GST), with an expected completion timeline of 24 months. The agreement is not a related-party transaction, and no promoter or group company has any interest in KCL. The contract is a subcontract, meaning KCL is the prime contractor and BRGIL is executing part of the work.

Likely market impact

This adds a new order worth Rs 24.56 Crore to the company's order book, providing revenue visibility for the next two years. As a subcontract, margins may be tighter than a direct contract, but the KfW-backed funding lowers payment risk. The impact on stock price will depend on whether this materially changes the company's revenue base, which is not specified in the filing.