B.R.Goyal Infrastructure Secures Rs 81.74 Crore Contract for CyberCity Project Civil and Structural Work
B.R.Goyal Infrastructure Limited has secured a major contract worth Rs 81,74,64,255.00 for the civil and structural work of the proposed CyberCity Project in Indore. The company received the Letter of Award (LOA) from M/s Sneh Developers, a Special Purpose Vehicle (SPV) of Micro Mitti Group.The contract covers the Building and External Development for the CyberCity Project located at Plot No. 5, Scheme No. 166, Medical Hub, Behind Infosys Campus, Super Corridor, Indore. The work is designated as a Fixed Item Rate Contract on an M+L basis.
B.R.Goyal Infrastructure Limited will undertake the civil and structural construction for approximately 6,28,420 Sq. ft. at the site. The commencement date for the project has been set for August 3, 2026.
The contract mandates a construction period of Twenty-Four (24) Months, followed by a Grace period of Three (3) Months.
Key details regarding the Letter of Award are summarized below:
| Detail | Specification |
|---|---|
| Contractor | B.R.Goyal Infrastructure Limited |
| Awarding Entity | M/s Sneh Developers, SPV of Micro Mitti Group |
| Project Name | Proposed CyberCity Project |
| Total Contract Value | Rs 81,74,64,255.00 |
| Scope of Work | Civil and Structural Work (Building & External Development) |
| Location | Plot No. 5, Scheme No. 166, Medical Hub, Super Corridor, Indore |
| Contract Type | Fixed Item Rate Contract (M+L) |
| Construction Period | Twenty-Four Months |
The contract is confirmed to be a domestic order awarded by a domestic entity. Furthermore, the awarding entity has no relationship or interest in the promoter group of B.R.Goyal Infrastructure Limited, and the transaction does not constitute a related party deal.
Stock Price Movement
B.R.Goyal Infrastructure Ltd settled at the close on Tuesday at ₹180.00, sinking 3.04%. The shares saw significant intraday movement, ranging from a low of ₹177.05 to a high of ₹189.90.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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