The shares of an Indian Construction Company are in focus after the company bags orders worth 102.05 crores from the Tamil Nadu government under the Tamil Nadu Urban Development Project, making the company’s first contract in the field of Construction of Underground Sewerage System
With a market capitalization of Rs. 300.19 crores, on Friday, the shares of B.R.Goyal Infrastructure Ltd are trading at Rs. 123, up by close to 1 percent from its previous closing of Rs. 122.00 during the intraday, the shares wereas high as 2.5% and the stock as also given good returns of 12.33 percent in the past month.
What’s the News
B.R. Goyal Infrastructure Ltd has secured its first contract in the field of Construction of Underground Sewerage System Contract in Tamil Nadu worth Rs. 102.05 Crore under the Tamil Nadu Urban Development Project (TNCRUDP). The project involves the Construction of an underground sewerage system for the left-out and newly added areas in Namakkal Municipality, located in the state of Tamil Nadu. The contract, valued at Rs 102.05 crore (including GST), has been awarded through Kevadiya Construction Limited and is slated for execution over 24 months.
This project reinforces BRG Infra’s growing footprint in urban infrastructure and its commitment to contributing to improved sanitation and public health infrastructure in India.
BRG Infra continues to pursue strategic and impactful projects across India in sectors including EPC (roads and buildings), water infrastructure, residential development, and renewable energy, further solidifying its position as a trusted infrastructure partner nationwide
Mr. Brij Kishore Goyal, Chairman & Managing Director, said: “We are proud to share that the company has further diversified its line of business and entered the new segment of infrastructure development of Construction of Underground Sewerage System, and has been entrusted with this critical infrastructure project under TNCRUDP Phase I. This contract aligns with our core capabilities in executing large-scale urban utility systems and reflects the confidence that clients and partners continue to place in BRG Infra.
The project not only represents a significant financial milestone but also underscores our contribution toward improving urban sanitation standards in Namakkal Municipality. With a committed timeline of 24 months, we aim to deliver world-class execution while ensuring long-term sustainable impact for the residents of the region.”
About the company
B.R. Goyal Infrastructure Ltd., incorporated in 2005, is a diversified EPC and construction company engaged in infrastructure projects including roads, bridges, tolls, buildings, and now underground sewerage systems. With operations across multiple Indian states and a robust fleet of 210+ construction vehicles, it also owns a ready-mix concrete plant in Indore. The company recently launched residential plotting projects and has executed projects worth over ₹1200 crores with a workforce of 900+ professionals.
The company’s revenue from operations has reduced by 9.2 percent from Rs. 226 Crores in H1FY24 to Rs. 205 Crores in H1FY25, whereas the net profits of the company have grown by 50 percent from Rs. 4 crores in H1FY24 to Rs. 6 Crores in H1FY25
Written by Likesh Babu S
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