B.R.Goyal Infrastructure has secured a significant work order worth ₹119.85 crore from the National Highways Authority of India (NHAI) for operating as the user fee collection agency at Surapattu Fee Plaza on the Chennai Bypass in Tamil Nadu. The one-year mandate was awarded through e-Tendering and involves collection of user fees along with the upkeep and maintenance of adjacent toll blocks, including replenishment of consumables. The contract covers the engagement of a user fee agency at Surapattu Fee Plaza located on the Chennai Bypass, providing the company with another strategic addition to its toll collection portfolio.
B.R.Goyal Infrastructure shares fell 1.54% to ₹182.15 on the BSE following the announcement of the latest contract award. The stock movement reflects mixed investor sentiment toward the company's expansion into toll collection operations, with the ₹119.85 crore Surapattu Fee Plaza contract representing another significant addition to the company's revenue portfolio. The official announcement was made on August 27, 2026, providing clarity to market participants about the contract details and execution timeline.
This ₹119.85 crore contract represents the company's latest tolling award, building on the ₹151.06 crore Jajau Fee Plaza contract secured in Madhya Pradesh and the ₹39 crore Husnapur Toll Plaza contract bagged in Maharashtra. As reported by Business Standard, the contract win improves B.R. Goyal Infrastructure's near-term revenue visibility in its toll-operations segment, providing low-risk, recurring daily cash flows that minimize working capital stress. The operational tenure is fixed at one year, with the domestic project offering stable cash flows while complementing the company's core EPC infrastructure segment.
The work order is scheduled for execution over a one-year period with an accepted value of ₹119.85 crore. According to Business Standard, the company has demonstrated strong financial performance with consolidated net profit surging 78% year-on-year to ₹44.82 crore for FY26, while net sales increased 13.4% to ₹820.32 crore compared with FY25. The company's shares closed at ₹182.15 on the BSE, declining 1.54% following the latest contract announcement, though the recent gains indicate positive market sentiment toward the toll collection business expansion.
On August 12, 2026, the company secured a ₹39 crore NHAI fee collection order for the Husnapur Toll Plaza in Maharashtra, demonstrating its active bidding pipeline. Additionally, the Board approved the allotment of 11 lakh convertible warrants at ₹119 per warrant, raising up to ₹13.09 crore. The counter went ex-dividend on August 20, 2026, for a final dividend of ₹0.25 per share. With these major awards, B.R. Goyal Infrastructure successfully scales its recurring toll-collection business, positioning itself as a resilient player in the highway ecosystem through a strategic blend of capital-light tolling operations and heavy EPC works.
