Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015 regarding Press/ Media Release.
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B.R.Goyal Infrastructure Ltd has secured contracts worth Rs. 63.98 crore (including GST) for construction of underground sewerage systems in two Tamil Nadu municipalities — Theni-Allinagaram and Mayiladuthurai. The projects fall under the Tamil Nadu Urban Development Project (TNCRUDP) 2023-24 and the Project Development Grant Fund (PDGF) under KfW 2023-24, and were awarded through Kevadiya Construction Limited. The work is to be completed over 24 months. This marks the company's entry into a new segment — underground sewerage infrastructure — adding to its existing portfolio of roads, highways, bridges, buildings, toll collection, and residential projects.
Positive for shareholders — the Rs. 63.98 crore order adds to the company's order book and signals diversification into urban sanitation infrastructure, though the size is modest relative to its Rs. 1,200+ crore execution track record. Short-term stock impact may be limited given the small contract value.