Bharat Road Network (BRNL) has consolidated 100% stake in Guruvayoor Infrastructure (GIPL) by acquiring the remaining 51% shares in the project (subject to regulatory approval) from KMC Infratech Road Holdings (Group Company of KMC Constructions) at a consideration of Rs 97 crore. This will give the company access to Rs 100 crore of free cash flow in the project.
BRNL also reported standalone revenue of Rs 1461 lakh during the quarter ended September 30, 2017 as compared to Rs 387 lakh during the corresponding period of last year, registering a growth of 2.8 times. The company's standalone profit after tax during the quarter ended September 30, 2017 was Rs 787 lakh as compared to Rs 7.6 lakh in the corresponding quarter of previous year, registering a growth of 101 times.
Bharat Road Network (BRNL) is a road build-operate-transfer (BOT) in India, focused on development, implementation, operation and maintenance of roads/highways projects.
| Company Name | CMP |
|---|---|
| Larsen & Toubro | 4050.00 |
| Rail Vikas Nigam | 296.30 |
| NCC | 160.45 |
| KEC International | 559.60 |
| Kalpataru Projects | 1240.45 |
| View more.. | |
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