Brahmaputra Infrastructure Limited, under its joint venture Brahmaputra-PKV JV, has bagged a major order worth ₹91.5 crore from Telecommunication Consultants India Limited (TCIL), a Government of India undertaking. The high-profile order, which has been placed under the Engineering, Procurement, and Construction (EPC) mode, is for the building of Eklavya Model Residential Schools (EMRS) at Aalo in West Siang district and Ziro II in Lower Subansiri district of Arunachal Pradesh.
Key Highlights:
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Key Contract Win: The ₹91.5 crore contract is a significant win for Brahmaputra Infrastructure, enhancing its stature in the civil construction industry and increasing its presence in the North-East.
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Work Scope: The work comprises integrated EPC services for two EMRS projects focused on improving educational infrastructure for tribal school students in Arunachal Pradesh. The project is planned to be completed within 24 months.
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Market Impact: Shares of Brahmaputra Infrastructure jumped as much as 14% after the announcement, indicating high investor confidence in the company's increasing order book and execution strength.
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Order Book Strength: With this recent victory, the company's overall order book is now around ₹1,150 crore, including new contracts like a ₹50.8 crore road project in Assam.
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Financial Performance: The company has returned 35% in the last year and enjoys a five-year multi-bagger performance, which highlights its strong growth path.
This order not only augments Brahmaputra Infrastructure's order book but also speaks volumes about its focus on providing quality infrastructure in India's emerging space.
Source: TradeBrains, Economic Times, StockWatch Live