Receipt of Letter of Acceptance (LOA) from National Highways Authority of India (NHAI)
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Awaiting price reaction for this filing.
B.R.Goyal Infrastructure Ltd has received a work order from the National Highways Authority of India (NHAI) for engaging as a user fee collection agency at the Paraghat Toll Plaza on NH-200 (New NH-49) in Bilaspur District, Chhattisgarh. The accepted order value is Rs. 33.27 crore (Thirty-Three Crore Twenty-Seven Lakh). The contract was won through competitive e-tender bidding and covers the toll plaza along with upkeep of adjacent toilet blocks. The contract duration is one year, and there are no related-party interests involved. This is a domestic, government-backed order for the company.
This is a positive development as it adds Rs. 33.27 crore to the company's order book from a credible government counterparty (NHAI), providing near-term revenue visibility. However, the contract is only for one year and is a service-based (toll collection) order rather than a large construction project, so its long-term impact on the stock may be modest.