B.R. Goyal Infrastructure Ltd. – Company Report
1. Company Overview
B.R. Goyal Infrastructure Ltd. is an established Indian infrastructure company with a history spanning over three and a half decades. Its roots trace back to 1986 as a partnership firm named "Balkrishna Ramkaran Goyal." The company evolved into a private limited firm in 2005 and became a public limited company in 2018. Headquartered in Indore, Madhya Pradesh, it has expanded operations across several Indian states including Maharashtra, Gujarat, Mizoram, Manipur, and Uttar Pradesh.
Led by Mr. Brij Kishore Goyal (Chairman and MD), the company emphasizes quality, sustainability, and innovation. With over 600 employees and 100+ completed projects, B.R. Goyal Infrastructure has emerged as a reliable EPC contractor in roads, highways, bridges, buildings, and toll operations.
Key Highlights:
- Established: 1986
- Headquarters: Indore, Madhya Pradesh
- Leadership:
- Mr. Brij Kishore Goyal (Chairman & Managing Director)
- Mr. Rajendra Kumar Goyal (Whole-Time Director)
- Mr. Gopal Goyal (Whole-Time Director)
- Employee Strength: 600+
- Projects Completed: Over 100
2. Products and Production Capabilities
B.R. Goyal Infrastructure Ltd. operates as an integrated EPC company with a wide array of offerings:
Core Offerings
Infrastructure Development:
- Roads and Highways
- Bridges
- Buildings
Realty Development: High-quality real estate projects emphasizing innovation and client satisfaction.
In-House Capabilities
- Design Team: Experienced team for complex structural and civil design.
- Ready-Mix Concrete (RMC): Indore unit with 1.80 lakh cubic meters annual capacity.
- Bitumen Processing: For internal consumption and commercial sale.
- Stone Crushing: Aggregates, stone dust, and sand for construction inputs.
Other Ventures
- Wind Energy: 1.25 MW wind turbine installed in Jaisalmer, Rajasthan (since 2005).
- Toll Collection: Operates fee collection at several NHAI toll plazas.
Key Clients
- National Highways Authority of India (NHAI)
- Ministry of Road Transport and Highways (MoRTH)
- Larsen & Toubro
- Madhya Pradesh Road Development Corporation (MPRDC)
- MP Public Works Department (MP PWD)
- Indore Development Authority (IDA)
- Indore Municipal Corporation (IMC)
- MP Industrial Development Corporation (MPIDC)
- IIT Indore
- Kalpataru
- Coal India
3. Recent News and Developments
- September 18, 2025: BRG Infra announced a ₹125.85-crore order from the Public Works Region, Nashik, for widening and improving the Adgaon Girnare Waghera Harsul Ozarkhed road in Maharashtra.
- August 31, 2025: BR Goyal Infrastructure Ltd announced on Wednesday (September 17) that its order book stood at ₹1,442.93 crore. Between April 1 and August 31 this year, the company secured new contracts worth ₹434.30 crore, spanning roads, buildings, wastewater treatment projects, and toll collection contracts.
- August 20, 2025: B R Goyal Infrastructure announced that it has secured a work order worth ₹47.83 crore from the National Highways Authority of India (NHAI). As per the exchange filing, the contract involves toll fee collection at the Khambara Fee Plaza (Design Km 71.050) on the Nagpur Seoni-Betul section in Maharashtra.
- August 8, 2025: Won a ₹70.39 crore contract from the National Highways Authority of India (NHAI) for toll collection services in Uttar Pradesh. The one-year contract, awarded through e-tendering, covers the Aashpur fee plaza on NH-91's Aligarh-Kanpur section.
- June 27, 2025: Received a work order from NHAI for engagement of a user-fee collection agency through etender in Madhya Pradesh, valued at ₹32.03 crore.
- June 19, 2025: B.R.Goyal Infrastructure has secured a ₹63.98 crore contract from Kevadiya Construction for the development of underground sewerage systems in Tamil Nadu.
- June 16, 2025: Received a ₹4.22 crore contract from NHDC Limited for the Barwaha–Siddhwarkut road at Omkareshwar Power Station (Madhya Pradesh).
- May 30, 2025: Secured a ₹91.70 crore from NHAI for user fee agency at Kathpur Fee Plaza (NH-8, Gujarat).
- May 9, 2025: B.R. Goyal Infrastructure Ltd has secured its first contract in the field of Construction of Underground Sewerage System Contract in Tamil Nadu worth ₹102.05 Crore under the Tamil Nadu Urban Development Project (TNCRUDP). The project involves the Construction of an underground sewerage system for the left-out and newly added areas in Namakkal Municipality, located in the state of Tamil Nadu.
- April 3, 2025: Secured a ₹10.90 crore project from NHIT Eastern Projects Pvt. Ltd. for Lakhnadon-Khawasa section (NH-44, Madhya Pradesh).
- March 7, 2025: Secured a work order worth ₹70.75 crore from the National Highways Authority of India (NHAI) for toll collection services on the Aligarh-Kanpur section of National Highway 91 in Uttar Pradesh. The contract was awarded through a competitive e-tendering process for the Newadakanthi fee plaza at Design Km 405.650.
- March 3, 2025: Received an order worth ₹30.71 crore from the National Highways Authority of India (NHAI) for White Topping Road construction and other works from Mahila College Circle to Bhavnagar Airport for Bhavnagar Municipal Corporation, Gujarat.
4. Financial Highlights (FY2025)
| Metric | Value |
|---|---|
| Revenue | ₹509.8 crore |
| Operating Profit | ₹41 crore |
| Profit Before Tax | ₹34 crore |
| Net Profit | ₹25 crore |
| Return on Equity (ROE) | 14% |
| Dividend Payout | Nil |