Synopsis: Brahmaputra Infrastructure Limited announced on May 19, 2026 that its Joint Venture entity M/s SB BIL JV has received a Letter of Acceptance from North Central Railway’s Jhansi Division Gati Shakti Unit for construction of Road Over Bridges worth ₹114.24 crore, to be completed within 18 months.
Brahmaputra Infrastructure Limited, a New Delhi-based civil infrastructure and construction company, disclosed on May 19, 2026 that its joint venture entity M/s SB BIL JV has received a Letter of Acceptance dated May 18, 2026 from North Central Railway, Jhansi Division Gati Shakti Unit for award of a significant civil construction contract. The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract is worth ₹114.24 crore (including taxes and duties) and involves building two-lane Road Over Bridges along with approach roads to replace three existing railway level crossings under the North Central Railway zone.
The bridges will replace LC No. 40 on the Gwalior Bhind section, LC No. 398 on the Jhansi Gwalior section, and LC No. 315 on the Jhansi Bina section. The project must be completed within 18 months from the date of award and will follow standard railway contract guidelines and regulations. It is a domestic contract, and the promoter group has no related-party interest in the awarding entity.
This order is important because it aligns with the Government of India’s PM Gati Shakti National Master Plan, which aims to improve connectivity and upgrade infrastructure across the country. One key goal of Indian Railways is to replace level crossings with bridges or underpasses to reduce accidents and improve train movement. The project is located in the Jhansi Division, an important corridor linking major cities like Delhi, Agra, Gwalior, Jhansi, and Bhopal, which will help improve safety and traffic flow on these busy routes.
For Brahmaputra Infrastructure Limited, winning a ₹114.24 crore railway project through its joint venture M/s SB BIL JV strengthens its order book and highlights its growing presence in railway infrastructure. Since the project will be executed over 18 months, the company is expected to start recognizing revenue from the project during FY27, providing near-term business visibility. The joint-venture structure also allows the company to handle larger and technically complex infrastructure projects while sharing execution risks. Meanwhile, the trading window for company insiders has been closed for 48 hours following the announcement, in line with Securities and Exchange Board of India insider trading regulations.
The ₹114.24 crore railway bridge contract forms part of a broader acceleration in project acquisitions for the company in early 2026. As of May 2026, Brahmaputra Infrastructure’s total order book (including joint operations) stands at approximately ₹1,500 crore, reflecting a strong pipeline of infrastructure projects.
In the first five months of 2026 alone, the company has secured multiple significant contracts, including a ₹397 crore highway project in February and an ₹81.98 crore railway staff housing contract in early May. Relative to the company’s market capitalisation of roughly ₹450 crore, the ₹114.24 crore railway contract alone represents nearly 25% of its market value, highlighting the scale and potential impact of the order on future revenue visibility.
The order win comes as the company is witnessing a significant operational turnaround. In the third quarter of FY26, Brahmaputra Infrastructure reported a remarkable 4625% year-on-year surge in net profit to ₹15.12 crore. During the same period, quarterly net sales increased 185.3% to ₹92.55 crore, reflecting strong project execution and scaling capabilities.
Additionally, the company’s Return on Capital Employed (ROCE) stands at 10.8%, indicating efficient utilisation of capital in its infrastructure projects and improving operational performance.
Brahmaputra Infrastructure Ltd shares hit the 5% upper circuit at ₹150.15 on May 19, 2026. The company has a market cap of about ₹435.7 crore and reported FY25 revenue of ₹242.24 crore with net profit of ₹29.90 crore. The stock trades at a P/E of 6.5 and ROE of 11.0%, though it is currently under ASM Stage-1 with relatively low trading liquidity.
Company Overview
Brahmaputra Infrastructure Limited, headquartered at Brahmaputra House, A-7, Mahipalpur, New Delhi, is a BSE-listed civil infrastructure company engaged in the construction of roads, bridges, buildings, and other civil works across India. The company has a track record of executing projects for government and semi-government entities across transportation and urban infrastructure segments. Its Whole Time Director is Raktim Acharjee (DIN: 06722166).
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