Brahmaputra Infra Bags ₹50 Crore Order From NHAI, Shares Up 5%

Order includes engineering, procurement, and construction (EPC) of a four-lane divided carriageway road with paved shoulders.

Brahmaputra Infrastructure has announced on Thursday that the company has received ₹50.8 crore order from National Highway Authority of India.

According to the exchange filing, the order constitute engineering, procurement and construction of four lane divided carriageway Road with paved shoulders configuration from 500 km of NH-54 including 2.107 km Doboka Bypass in the state of Assam. The contact has been signed between General Manager (Tech), NHAI, Ministry of Road Transport and Highways and Brahmaputra Infrastructure.

Post announcement, the shares of Brahmaputra Infrastructure were trading approximately 5% up at 87.90 at 10.09 am.

Brahmaputra Infrastructure is a part of Brahmaputra Group which was incorporated in 1998. The company has its presence in sectors like Highways & Roads, Buildings, Bridges/Flyovers, Airports, Tunnels, and other Civil Construction works with a high focus on North-East India.

The company has reported 49.64% year-on-year growth in its net profit in Q3FY24 compared to 38.12% in the previous fiscal. The revenue from operations also surge by 22.12% on YoY basis.