Receipt of Letter of Award from Public Works Region, Nashik.
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Awaiting price reaction for this filing.
B.R.Goyal Infrastructure Ltd has received a work order worth Rs. 125.86 crore (Rs. 125,85,65,000) from Public Works Region, Nashik, a government entity. The order involves improvement and widening of Adgaon Girnare Waghera Harsul Ozarkhed Road SH 28 in Maharashtra, covering specific road stretches in Tal. Trimbakeshwar, Dist. Nashik. The project has an execution timeline of 18 months. The order is domestic in nature, with no related party interest involved.
This is a sizeable government infrastructure order that strengthens the company's order book and provides revenue visibility over the next 18 months, which is positive for the stock. The absence of related party concerns adds credibility to the win.