Receipt of Letter of Award (LOA) from 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 has received a Letter of Award from the National Highways Authority of India (NHAI) to act as the user fee collection agency at the Salemgarh fee plaza on NH-28 in Uttar Pradesh. The contract is valued at Rs. 60.43 crore and covers a one-year period, along with upkeep and maintenance of adjacent toilet blocks. The order was secured through competitive e-tendering by a domestic government entity. The company confirmed no promoter or related-party interest in NHAI.
Positive for the company — adds a new revenue stream worth ~Rs. 60.43 crore from a government-backed counterparty with low default risk. However, it is a short one-year contract and not an EPC/infrastructure construction order, so the stock impact may be modest.