Award of Work and signing 169.45 Million
Price
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Awaiting price reaction for this filing.
Brahmaputra Infrastructure Ltd has received a Letter of Award and signed an agreement with the National Highway Authority of India (NHAI) for a contract valued at ₹169.45 million. The scope of work involves construction of rain water drainage near CASFOS Byrnihat, steel footpath along Bridge No. 59/4, foot over bridges at various locations, and service road. This work is part of the four-laning of the Jorabat-Shillong (Barapani) section of NH-40 in Assam and Meghalaya. The project will be executed in EPC mode on an item rate basis. The company has 12 months to complete the work. The promoter group has no interest in NHAI and this is not a related party transaction.
Positive development as it adds a new government-backed order to the company's order book, providing revenue visibility over the next 12 months. While the contract value is moderate, winning work from NHAI reinforces the company's credentials in road and highway infrastructure projects.