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New Order

B.R.Goyal Infrastructure Bags ₹151.06 Crore NHAI Order for Jajau Fee Plaza

Indore-headquartered B.R.Goyal Infrastructure Limited has secured a significant mandate from the National Highways Authority of India for tolling operations. This one-year contract involves managing the Jajau Fee Plaza on the critical Agra-Gwalior section of National Highway 3.

A man walks along the highway in Deeg, Uttar Pradesh, India, with vehicles in the distance. Stock photo illustrating B.R.Goyal Infrastructure's new order story.
Photo: Shantum Singh / Pexels
Key numbers
Market Cap ₹456.48 CrSmall Cap
Revenue Growth 60.09%Annual YoY
PE Ratio 10.19TTM Basis
Order fromNational Highways Authority of India (NHAI)
Execution period1 year
Deal value₹151.06 Cr
Share of market cap33.1%
Share of annual revenue18.4%

Key highlights

  • Order value stands at ₹151.06 crore for a one-year execution period
  • Scope includes user fee collection via e-Tender and facility maintenance
  • Project is located at km 28.600 on the Agra-Gwalior stretch of NH-3
  • Contract includes upkeep of adjacent toilet blocks and public utilities
  • Agreement awarded by the National Highways Authority of India

What Is the Order?

B.R.Goyal Infrastructure Limited has been awarded a Letter of Award for the engagement of a user fee agency at the Jajau Fee Plaza. Situated on the Agra-Gwalior section of NH-3, specifically between kilometer 8.000 and 103.000, the contract carries a total value of 151.06 crore. Beyond the primary responsibility of fee collection through e-Tender, the mandate extends to the upkeep and maintenance of adjacent toilet blocks, including the recouping of necessary consumable items.

The execution period for this domestic contract is slated for one year, strengthening the company's immediate revenue visibility and operational footprint in the tolling segment.

Client Profile

The National Highways Authority of India serves as the nodal agency for the development and maintenance of India's national highway network under the Ministry of Road Transport and Highways. As a frequent partner to private infrastructure players, the authority utilizes e-tendering processes to ensure transparency in tolling and maintenance contracts. Securing a project of this scale from a central authority reaffirms the operational capability of the company to manage high-volume traffic corridors and essential infrastructure assets on behalf of the government, particularly on the strategic NH-3 corridor.

Business Impact

  • Enhances short-term revenue pipeline with a contract value nearly one-third of the current market capitalization
  • Solidifies presence in the Madhya Pradesh infrastructure landscape where the company is headquartered
  • Demonstrates capability in non-construction infrastructure services like fee collection and asset maintenance
  • Supports the company's robust annual revenue growth trend which recently clocked sixty percent
  • Diversifies the project portfolio by balancing construction work with recurring fee-based services
B.R.Goyal Infrastructure · share price, past month

Financial Context

B.R.Goyal Infrastructure currently operates with a market capitalization of 456.48 crore and maintains a strong promoter holding of 73.6 percent. The company reported an annual operating revenue of 820.32 crore with a notable 78 percent growth in annual net profit. Despite recent short-term price volatility, the stock has gained over 45 percent in the last month.

With a trailing twelve-month PE ratio of 10.19, the company is trading significantly below the industry average of 32.85, indicating a conservative valuation relative to its peers in the construction and engineering sector.

B.R.Goyal Infrastructure · financial snapshot
Share price₹191.6
Market capitalisation₹456.48 Cr
Revenue (annual)₹820.32 Cr
Net profit (annual)₹44.82 Cr
P/E (TTM)10.19×Sector 34.62×
Promoter holding73.6%
FII holding0.41%Current quarter

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.

Source verified

Exchange filing by B.R.Goyal Infrastructure Limited announcing the receipt of a work order from the National Highways Authority of India. Market figures from a third-party data provider.

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