Brahmaputra Infrastructure Ltd (BIL) secured a Letter of Award (LOA) worth ₹62.03 crore from Assam's Water Resources Department for critical riverbank protection works. This EPC contract under ADB-funded project strengthens its ₹1,000+ Cr order book, driving stock gains amid robust Q3 margins.
The order covers underwater and above-water riverbank protection in Jorhat sub-project across Sivasagar, Jorhat, and Golaghat districts (Package W-AF-03-RP-JH Lot 2). It's part of the Climate Resilient Brahmaputra Flood Risk Management initiative, with a 30-month timeline.
Key Highlights
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Contract Value: ₹62.03 Cr (approx. ₹620.3 million), EPC mode.
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Order Book Surge: Now exceeds ₹1,000 Cr including JVs; recent wins include ₹46.62 Cr railway bridge, ₹113.54 Cr legislature complex.
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Financial Uplift: Q3 EBITDA margin at 24.18%; EPS ₹20.44; multibagger stock up 240% from 52-wk low.
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Stock Reaction: Shares up 2% to ₹124.90 post-announcement.
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Strategic Fit: Focus on NE India infra; govt-backed, climate-resilient projects.
Outlook
This win signals growth in flood mitigation, railways; watch for execution amid capex push. Market cap ~₹360 Cr.
Sources: Business-Standard.com, DSij.in, Scanx.trade