Image Source: PSU Connect
Brahmaputra Infrastructure Ltd. (BIL) has registered a twin salvo of wins that introduce new muscle to its road-heavy order book. In a late-Tuesday exchange filing, the Gurugram-based EPC player stated that it has:
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received multiple orders of work at the same time for ₹243.3 million for slope-stabilisation packages, culvert extensions and bridge repairs in Meghalaya and Assam;
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executed concession agreement for four-laning of 24 km of National Highway-40 (Umiam – Shillong) under Hybrid Annuity Mode, already won L1 in April.
Management sees ground-breaking on NH-40 in August, while the smaller projects start billing this quarter, improving FY26 revenue visibility and reducing the company's state-government risk.
Key Highlights
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Deal value snapshot: ₹243.3 million (misc. state PWD works) + ~₹9.6 billion EPC value on NH-40 (BIL share 51 %).
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Tenure: Construction NH-40 30 months; operations & maintenance 15 years.
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Mix of funds: 40 % equity, 60 % borrowed funds with two PSU banks at sub-10 % cost. • Financial impact: Management aims at 14-15 % combined EBITDA margin on new wins; order book levels ₹1,050 crore, ~3.5× FY25 revenue. • ESG touch: NH-40 deal includes 25 % recycled asphalt and solar-powered toll plazas.
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Labor: 600 peak construction worker positions, preference to local labor.
The stocks went up 5 % to ₹86 in early trade after dealers quoted the highway deal's annuity component as a visibility driver in a frenzied pre-election infra push.
Source: Brahmaputra Infrastructure Ltd. exchange filing, 17 Jun 2025.
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