B.R.Goyal Infrastructure Secures Toll Plaza Operations Contract Worth Rs 37 Crore from UPEIDA
B.R.Goyal Infrastructure Limited has secured a significant work order from the Uttar Pradesh Expressways Industrial Development Authority (UPEIDA). The contract involves the collection of user fees and operation and maintenance (O&M) of toll plazas along the Bundelkhand Expressway.The total accepted value of the work order stands at Rs 377,54,37,907.50/-. This contract is set to run for a period of two years, with an option for extension granted by the Authority.
The agreement details involve not only fee collection but also the operational requirement of deploying 12 Patrol-cum-Safety Vehicles and providing the necessary personnel to manage them along the expressways, as per the terms outlined in the RFQ-cum-RFP document.
Contract Financial Breakdown and Terms
The project scope spans two years, with specific financial figures designated for each period, incorporating an annual escalation rate post the first year. The following table outlines the details of the contract value:| Particular | Value (INR) | Details |
|---|---|---|
| Total Accepted Value | Rs 377,54,37,907.50/- | Inclusive of all taxes and service charges. |
| Year 1 Consideration | Rs 179,78,27,575.00 | Payable as per the RFQ-cum-RFP document. |
| Year 2 Value (10% Escalation) | Rs 197,76,10,332.50 | Calculated based on the agreed 10% annual escalation rate. |
The project was awarded by UPEIDA, a domestic entity, and falls under the category of a Letter of Award (LOA) for toll plaza operation and user fee collection. The contract duration is specified as two years, with an extendable period allowed up to six months at the discretion of the Authority.
B.R.Goyal Infrastructure Limited has confirmed that there are no interests of the promoter group in UPEIDA, nor would the transaction fall within related party transactions.
Stock Price Movement
As of 11:42, B.R.Goyal Infrastructure Ltd shares are ticking up at ₹160.00, reflecting a strong gain of 1.78%. The stock has moved within a significant intraday range, testing lows near ₹149.00 and achieving highs up to ₹166.80.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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