B.R Goyal Infra in focus after winning ₹38 Cr order from Liugong India

Infrastructure stock is drawing attention as company secures a work order worth Rs.37.99 crore from Liugong India Pvt Ltd under the Liugong Project Construction Agreement. This development highlights the company’s growing project portfolio in the sector.

Price Action 

On Friday, shares of B.R.Goyal Infrastructure Ltd jumped to an intraday peak of Rs.105.60 each, reflecting a decrease from the prior closing price of Rs.106.00 per share. The stock has since pulled back slightly, now trading at Rs.105.60 per share. 

Liugong Project Order

Liugong India Pvt Ltd (LIPL) has awarded B.R. Goyal Infrastructure Limited a domestic work order under the Liugong Project Construction Agreement. 

The contract, valued at Rs.37.99 crore, includes key civil works such as excavation and grading, RCC foundation and plinth beam construction for the workshop, factory building construction (including equipment foundations and auxiliary structures), road and pipeline development within the factory premises, land development for open storage areas, and MEP works. 

The project is expected to be completed within eight months as per the mutually agreed terms outlined in the executed agreement between the two companies.

Business Divisions 

B.R. Goyal Infrastructure operates across five key business divisions: civil construction services (EPC), ready-mix concrete (RMC) manufacturing, wind power generation, toll collection contracts, and residential plotting projects. These diversified operations enable the company to maintain a strong presence in the infrastructure sector while expanding into renewable energy and real estate development.

Also read: Chemical stock crashes 14% after reporting disappointing Q3 result

Operations and Network

B.R. Goyal Infrastructure Limited operates an integrated EPC and construction business, backed by a dedicated design and engineering team and an RMC unit in Indore with an annual capacity of 1.80 lakh cubic meters. As of September 2024, the company manages a fleet of over 199 construction equipment and vehicles. 

Expanding into renewable energy, it ventured into the wind power sector in 2005 with a 1.25 MW turbine in Jaisalmer, Rajasthan. The company has successfully executed projects across Madhya Pradesh and is actively engaged in road construction projects in Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh. As of September 30, 2024, its workforce includes 402 permanent employees and 212 personnel managing Toll Collection Contracts (TCCs).

Financial Performance

B.R.Goyal Infrastructure Ltd reported revenue of Rs.205 crore in Q3 FY25, marking a 9 percent fall from Rs.226 crore in the corresponding quarter last year. However, The company’s Profit After Tax (PAT) rose 50 percent year-on-year to Rs.6 crore from Rs.4 crore in the same period. 

Written by – Siddesh S Raskar

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