Bengaluru, June 19 -- A micro-cap infrastructure company witnessed a 7% surge in its stock price after entering into a subcontract agreement with a leading construction firm Kevadiya Construction Limited (KCL).

With market capitalisation of Rs. 314 Crores, the shares of B.R.Goyal Infrastructure Limited were trading at Rs 132 per share, increasing around 7 percent as compared to the previous closing price of Rs 123.05 apiece.

B.R.Goyal Infrastructure Limited has entered into two subcontract agreements with Kevadiya Construction Limited, collectively valued at Rs 63.98 crore (including GST), marking a strategic foray into underground sewerage infrastructure development in Tamil Nadu.

The first order, worth Rs 39.42 crore, pertains to the...