Letter of Award received from NHAI.
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B.R.Goyal Infrastructure Ltd has received a work order from the National Highways Authority of India (NHAI) valued at Rs. 70.39 crores. The contract is for user fee (toll) collection at the Aashpur Fee Plaza located on NH-91 in the Aligarh-Kanpur section in Uttar Pradesh, along with upkeep of adjacent toilet blocks. The order was awarded through competitive e-tendering and has a tenure of one year. The order has been awarded by a domestic government entity, and there is no related party interest involved.
This government-backed contract provides revenue visibility for the next 12 months and strengthens the company's order book from NHAI. For a small-cap infrastructure company, a Rs. 70+ crore toll collection order is a meaningful addition and is likely to be viewed positively by the market.