Receipt of LOA from Madhya Pradesh Road Development Corporation Limited (MPRDC).
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
B.R.Goyal Infrastructure Ltd has received a Letter of Acceptance (LOA) from Madhya Pradesh Road Development Corporation Limited (MPRDC) for constructing a Hockey and Athletic Stadium with allied infrastructure works at Nanakheda, Ujjain in Madhya Pradesh. The accepted contract value is Rs. 23.37 crore (Rs. 23,37,10,448). The project has a timeline of 24 months from the date of signing the contract agreement. This is a domestic order from a government entity with no related party involvement. The company operates in civil infrastructure construction and this order adds to its project pipeline.
This order from MPRDC represents a positive business development, adding approximately Rs. 23.37 crore to the company's order book. It provides visibility on future revenue over the 24-month project duration. For shareholders, this government infrastructure contract signals continued business traction, though the relative significance depends on the company's total revenue size.