BR Goyal Infrastructure Limited Stock price surges by 5% after securing a ₹31 crore order from the National Highways Authority.
BR Goyal Infrastructure Limited : It is a micro-cap stock involved in civil construction, ready-mix concrete manufacturing, wind power generation, toll collection contracts, and residential plotting projects across various states in India. Recently, the stock experienced a 5 percent surge, hitting an upper circuit after securing a significant order worth Rs. 30.53 crore from the National Highways Authority of India (NHAI).
The market capitalization of B.R. Goyal Infrastructure Limited stands at Rs. 9,366.42 crores, with its stock price reaching an upper circuit of Rs. 145.30 per share, up from the previous closing price of Rs. 138.40 per share.
The recent surge in stock price can be attributed to the company securing a work order from NHAI for the engagement of a user fee collection agency at the Paraghat Toll Plaza on NH-200 in Bilaspur district, Chhattisgarh. The project, valued at Rs. 30.53 crore, is scheduled to be executed over a year, from January 23, 2025, to January 23, 2026.
Furthermore, this project is part of the larger rehabilitation and upgradation of NH-200, involving the conversion of a stretch into a two-lane or four-lane road with a paved shoulder.
B.R. Goyal Infrastructure Limited is involved in various sectors, offering 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 Announcement
B.R. Goyal Infrastructure Limited is excited to announce the launch of its Initial Public Offering (IPO) from January 10 to January 12, 2025. The company aims to raise approximately Rs. 30 crores by offering 30 lakh equity shares at a price of Rs. 100 per share. The funds raised through this IPO will be utilized to support ongoing civil construction projects, expand ready-mix concrete production, and meet working capital requirements.
Financial Performance
In terms of financial performance, B.R. Goyal Infrastructure Limited has shown significant growth. The company’s revenue has surged from Rs. 345 crore in FY23 to Rs. 579 crore in FY24, representing a remarkable increase of 67.83 percent. Additionally, the net profit has also seen a substantial growth of 37.50 percent, rising from Rs. 16 crore in FY23 to Rs. 22 crore in FY24.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.