Bharat Road Network Limited
BRNL.NS
National Stock Exchange of India18.19
INR
-0.05
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Bharat Road Network Limited
BRNL.NS
(National Stock Exchange of India)
Recent
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18.19
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Bharat Road Network Limited (BRNL) is an Indian road build-operate-transfer (BOT) company specializing in the development, implementation, operation, and maintenance of road and highway projects. The company’s core offerings include road development and construction spanning national highways, state highways, urban roads, and flyovers; highway maintenance services such as pothole repairs, surface maintenance, and drainage cleaning; toll operations management including toll collection and traffic management; project management and consultancy encompassing project planning, feasibility studies, design, engineering, and project lifecycle management; and public-private partnership (PPP) concession agreements, financial structuring, and asset management. BRNL also focuses on environmental and social impact assessments to incorporate sustainable practices across project execution. It operates across several Indian states, including Uttar Pradesh, Kerala, Haryana, Madhya Pradesh, Maharashtra, and Odisha, through special purpose vehicles formed with subsidiaries or local partners. The company was founded in 2006 and is headquartered in Gurgaon, India. Recent major developments include strategic asset realignment with the sale of stakes in key road projects; notably, the sale of a 67-kilometre BOT road project in Odisha to the India Highway Concession Trust, managed by Caisse de dépôt et placement du Québec (CDPQ), marking CDPQ’s first transportation investment in India. Additionally, BRNL has completed the sale of a 126-kilometre road project in Uttar Pradesh to Cube Highways, a portfolio company of I Squared Capital, reflecting the company’s strategy to reduce debt and enhance financial efficiency. In 2025, BRNL secured a ₹383.85 crore settlement from the National Highways Authority of India (NHAI) under the Vivad Se Vishwas II contractual disputes scheme, resolving longstanding concession disputes and improving its financial position. The company also appointed Anirup Sen as CEO and Whole-time Key Managerial Personnel in September 2025, underscoring a leadership transition aimed at strengthening operational performance. BRNL’s portfolio includes six operational BOT projects covering approximately 2,095 lane kilometres with a project portfolio value around Rs 6,800 crores. BRNL’s integrated business model combines infrastructure development, asset operation, project consultancy, and financial management in India’s road infrastructure sector, targeting government bodies and private infrastructure partners for long-term highway project concessions and maintenance contracts. The company partners with experienced local EPC players to execute projects efficiently under the BOT framework, emphasizing sustainable development and optimized asset performance across its geographic footprint. This comprehensive operational and strategic positioning makes Bharat Road Network Limited a significant player in India’s highway infrastructure development and management sector.