One of the micro-cap stocks engaged in civil construction, ready-mix concrete manufacturing, wind power generation, toll collection contracts, and residential plotting projects across various states in India. The stock has hit a 5 percent upper circuit after receving order worth Rs. 30.53 crore from National Highways Authority of India (NHAI).
Stock Price Movement
With a market capitalization of Rs. 9,366.42 crores, the shares of B.R.Goyal Infrastructure Limited’s stock surged by 5 percent, reaching an upper circuit of Rs. 145.30 per share on Thursday, up from its previous closing price of Rs. 138.40 per share.
What Happened
B.R. Goyal Infrastructure Limited has secured a significant work order from the National Highways Authority of India (NHAI). The contract involves the engagement of a user fee collection agency at the Paraghat Toll Plaza on NH-200 (New NH-49), located in Bilaspur district, Chhattisgarh.
The total value of the order is Rs. 30.53 crore, and the project is set to be executed over one year, from January 23, 2025, to January 23, 2026.
Additionally, The project is part of the larger rehabilitation and upgradation of NH-200, which includes converting the stretch from Km 127.500 to Km 160.687 into a two-lane or four-lane road with a paved shoulder.
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Projects and Services
The company engages in diverse sectors, which including EPC services for infrastructure projects, manufacturing ready-mixed concrete (RMC), toll collection contracts in Haryana and Uttar Pradesh, residential development in Indore, and wind energy operations with a 1.25 MW windmill in Jaisalmer, Rajasthan.
IPO Details
B.R. Goyal Infrastructure Limited has launch its Initial Public Offering (IPO) from January 10 to January 12, 2025, aiming to raise around Rs. 30 crores by offering 30 lakh equity shares at a price of Rs. 100 per share. The proceeds will be used to fund ongoing civil construction projects, expand its ready-mix concrete production, and meet working capital needs.
Financial Highlights
B.R. Goyal Infrastructure Limited’s revenue has increased from Rs. 345 crore in FY23 to Rs. 579 crore in FY24, which has grown by 67.83 percent. The net profit has also grown by 37.50 percent, from Rs. 16 crore in FY23 to Rs. 22 crore in FY24.
Written By – Nikhil Naik
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