Bharat Road Network Ltd.

NSE: BRNL | BSE: 540700 | ISIN: INE727S01012 |Industry: Roads & Highways
|Await Turnaround

Bharat Road Network Ltd.    
04 Sep 2017
ICICI Securities Limited
Incorporated in 2006, BRNL is a BOT company focused on development, operation & maintenance of road projects. Currently, it has six BOT projects. Out of these, five are complete/partially complete. Residual concession period for its BOT projects is 18.5 years. Key concerns for BRNL:- i) all subsidiaries, associates companies made losses in last two years ii) delay in project construction may lead to cost overrun for under construction/new projects and ii) it has pledged a portion of its shares in subsidiaries and associates. In terms of IPO, BRNL is looking to raise...
Bharat Road Network Ltd. has lost -53.97% in the last 1 Year
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