This micro-cap infra stock engaged in civil construction, ready-mix concrete manufacturing, wind power generation, toll collection contracts, and residential plotting projects across various states in India, jumped 3 percent after receiving an order worth Rs. 11 crore from NHIT Eastern Projects Private Limited for improvement work on National Highway 44 (NH-44).
Stock Price Movement:
With a market capitalization of Rs. 271.60 crores, the share of B.R.Goyal Infrastructure Limited has reached an intraday high of Rs. 114.95 per equity share, rising nearly 2.63 percent from its previous day’s close price of Rs. 112. Since then, the stock has retreated and is currently trading at Rs. 114 per equity share.
What Happened:
B.R. Goyal Infrastructure Limited has received a Work Order from NHIT Eastern Projects Private Limited for improvement work on the Lakhnadon-Khawasa Section of NH-44 in Madhya Pradesh. The project, valued at Rs. 10.90 crore, will be completed within six months.
This contract involves executing enhancement works on the national highway under an item rate mode. The company sees this as an important step in strengthening its presence in infrastructure development while delivering high-quality road projects.
Projects and Services:
The company works in various sectors, including EPC services for infrastructure projects, manufacturing ready-mixed concrete (RMC), and managing toll collection contracts in Haryana and Uttar Pradesh. It is also involved in residential development in Indore and operates a 1.25 MW windmill for wind energy in Jaisalmer, Rajasthan.
IPO Details:
B.R. Goyal Infrastructure Limited launched its Initial Public Offering (IPO) from January 10 to January 12, 2025, aiming to raise Rs. 30 crores by offering 30 lakh equity shares at Rs. 100 per share. The funds raised will be used to support ongoing civil construction projects, expand ready-mix concrete production, and meet working capital needs.
Financial Highlights:
B.R. Goyal Infrastructure Limited’s revenue has increased from Rs. 226 crore in H1 FY24 to Rs. 205 crore in H1 FY25, which has grown by 10.24 percent. The net profit has also grown by 50 percent from Rs. 4 crore in H1 FY24 to Rs. 6 crore in H1 FY25.
Written By – Nikhil Naik
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