B.R.Goyal Infrastructure Secures ₹151 Crore Toll Contract from NHAI
B.R.Goyal Infrastructure Limited has announced securing a significant work order from the National Highways Authority of India (NHAI) valued at approximately ₹151 crore. The contract involves the engagement of a user fee agency for the Jajau Fee Plaza on NH-3 in Madhya Pradesh. This strategic win strengthens the company's toll collection portfolio, adding to its existing seven operational toll collection contracts. The contract duration is one year and includes the upkeep of toilet blocks and recouping of consumable items. Management expressed pleasure, highlighting the trust reposed by NHAI and the strategic importance of the location, reinforcing toll collection as a key driver of recurring revenue.
Key Highlights
- Secured ₹151 crore toll collection contract from NHAI.
- Contract awarded for Jajau Fee Plaza on NH-3 in Madhya Pradesh.
- Strengthens company's toll collection portfolio with 7 active contracts.
- Contract duration is one year, contributing to recurring revenue.
- Enhances company's position in infrastructure and toll management.
Price Impact
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