Brahmaputra Infrastructure Limited - Order Book and Business Update

Brahmaputra Infrastructure Limited has a Consolidated order Book along with its Joint Venture / Operation partners as on 30.06.2024 an total amount Rs. 1200.00 Crores (approx.) Company is under continuous process to bidding the new tenders of State & Central Government along with Private Party contracts.

Momentum of FY 2023-24 remains continue in first Quarter of FY 2024-25 on all the ongoing sites of the company work is executing at a vast pace and our Project managers have no doubt that they will achieve all the target assigned numbers within define timeline.

June quarter results - 24 Q-1 will be publishing very shortly.

Company is in under process to conclude the final bills with respective department / clients which make them possible to release the Pending Bank Guarantees from the respective department/ clients, in this quarter our team has got the success in releasing the old Bank guarantee and the same attempt continue in couple of other projects. We further inform that these bank guarantees those we get release from old projects will be use in upcoming new bidding projects/ release the pending claim amount from the department in arbitration cases.

After the re-arrangement of the credit facilities company has honoured the lenders complete interest/ Principal and other obligation in well define timelines till 30th June 2024.

At quarter ended 30th June 2024 company have arbitration awards in hand of an total amount Rs. 71.51 Crores , partly amount realised by the company and for the remaining amount company is in under process to arrange Bank Guarantees to release the balance amount from respective clients.

Approximately Rs. 250.00 Crores arbitration and other claims are going on; we are expecting in majority of the arbitration awards will be pronounce in 18 to 24 months' time period, whatever the amount we will receive frim the arbitration awards will help us to infuse more amount in working capital cycle and repayment of remaining debt of the company.

All these are relevant business updates of first quarter of FY 2024-25, if there is any further relevant detail we will update the same on immediate manner.

Shares of BRAHMAPUTRA INFRASTRUCTURE LTD. was last trading in BSE at Rs. 99.65 as compared to the previous close of Rs. 103.65. The total number of shares traded during the day was 137950 in over 992 trades.

The stock hit an intraday high of Rs. 106.00 and intraday low of 98.00. The net turnover during the day was Rs. 13975465.00.

Source : Equity Bulls

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BRAHMAPUTRAINFRASTRUCTURE INE320I01017 OrderBook Business Update