Receipt of Letter of Acceptance (LOA) from National Highways Authority of India(NHAI)
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
B.R.Goyal Infrastructure Limited has received a Letter of Acceptance (LOA) from the National Highways Authority of India (NHAI) for engagement as a user fee collection agency at Paraghat Toll Plaza on NH-200 in Bilaspur District, Chhattisgarh. The contract is valued at Rs. 33.27 crore (Thirty-Three Crore Twenty-Seven Lakh) and was awarded through competitive e-tendering. The work order is for a period of one year and involves toll collection along with upkeep/maintenance of adjacent toilet blocks. The order is domestic in nature and not a related-party transaction.
This new government contract adds Rs. 33.27 crore to the company's order book, providing near-term revenue visibility. It's a positive development as it diversifies the company's revenue stream with a stable government client, though the 1-year duration means it will need renewal or replacement to sustain contributions.