Brahmaputra Infrastructure Bags ₹26 Cr Assam Highway Maintenance Order

Synopsis:- Declared the lowest bidder (L-1) for a short-term maintenance contract on the Pailapool–Hangrum stretch of NH-137G in Assam, Brahmaputra Infrastructure Limited has received a Letter of Acceptance from NHIDCL worth ₹25.78 crore (inclusive of GST), adding near-term revenue visibility even as 100 percent promoter pledge remains a structural overhang to watch.

A short-term highway maintenance contract from NHIDCL, an undertaking under the Ministry of Road Transport & Highways, Government of India  has brought this New Delhi-headquartered EPC company into focus. The Letter of Acceptance, issued by the NHIDCL Regional Office in Guwahati and signed by General Manager (P) Binayak Kumar, was disclosed to BSE on May 15, 2025 under Regulation 30 of the SEBI LODR Regulations, 2015.

With a market capitalisation of Rs. 426.72 crore, the shares of Brahmaputra Infrastructure Limited were last trading at Rs.147.05 per share, up 1.07 percent from its previous close of Rs.145.5. It is trading at a P/E of 6.67.

The contract covers selected locations between Km 0.00 and Km 65.00 of the Pailapool–Hangrum section of NH-137G in the state of Assam, spanning a total corridor of 65 kilometres. The contract value is Rs. 25.78 crore with a stipulated execution period of 12 months from the date of formal award. Brahmaputra Infrastructure was declared L-1 (the lowest qualified bidder) for the bid.

The approving authority is the Executive Director (Projects) at the NHIDCL Regional Office, Guwahati. The company has indicated it is currently in the process of fulfilling pre-contract obligations, including the furnishing of the requisite performance security and execution of the formal contract agreement.

At Rs. 25.78 crore, the contract is worth approximately 10.6 percent of FY25 consolidated revenue of Rs. 242 crore  modest in scale but incremental to near-term order execution. STMC awards of this nature are typically lower-margin relative to full EPC contracts, given their maintenance-only scope. However, they do offer more predictable revenue over the contract period and carry lower execution risk, which is relevant for a company that saw a sharp swing in OCF  from negative Rs. 127 crore in FY24 to positive Rs. 41 crore in FY25.

The National Highways & Infrastructure Development Corporation Limited is a central government undertaking under MoRTH, with a specific mandate to develop and upgrade national highways and strategic roads in the northeastern states, Jammu & Kashmir, Himachal Pradesh, and Uttarakhand.

For Brahmaputra Infrastructure, which carries a long-standing operational presence in the northeast, NHIDCL constitutes a recurring client. The company had separately announced an NCDC-Brahmaputra JV being declared L-1 for an Rs. 81.98 crore railway staff quarters project on April 30, 2026, suggesting a degree of ordering momentum across verticals in the current financial year.

Business Overview

Incorporated in 1998 and listed on BSE, Brahmaputra Infrastructure Limited is an EPC and real estate development company with project experience spanning highways, bridges, flyovers, airports, tunnels, and civil construction. It also owns and manages City Centre Mall, reportedly the largest shopping mall in Northeast India  as part of its real estate segment. For FY25, the company reported consolidated revenue of Rs. 242 crore and net profit of Rs. 30 crore.

In Q3 FY26 (December 2025), revenue stood at Rs. 93 crore against net profit of Rs. 15 crore. Screener notes that promoters have pledged 100 percent of their holding, which remains a material governance risk.

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