This civil construction enterprise was selected as an L-1 bidder for an order worth Rs 1226.87 crore!
In the previous three days, the company has won several projects.
About the Project
G R Infraprojects Limited announced in an exchange filing on March 23, 2023, that the company had emerged as an L1 bidder in the financial bid opening dated March 23, 2023, for the tender invited by the National Highways Authority of India for the four-laning of Devinagar Bypass to Kasganj Bypass in the state of Uttar Pradesh on Hybrid Annuity mode.
The bid cost for the project is Rs 1226.87 crore, with a completion schedule of 730 days from the appointment date. The project will run for 15 years from the beginning of the commercial operation.
Price Action of G R Infraprojects Limited
The scrip opened at Rs. 1,028 and touched a high and low of Rs 1,049.70 and Rs 989.70, respectively. Its 52-week high stood at Rs 1,624.40 whereas its 52-week low was Rs 960. The current market cap of the company is Rs 9,678 crore. Promoters hold 79.74%, whereas institutional and non-institutional holdings are 16.48% and 3.78%, respectively.
G R Infraprojects is an integrated road engineering, procurement, and construction (EPC) firm with experience in the design and building of different road/highway projects across India's states, and it has lately diversified into railway projects. The company's main line of business is civil construction, which includes EPC and BOT projects in the road sector. It has completed approximately 100 road construction projects since 2006. It has also built state and national highways, bridges, culverts, flyovers, airport runways, tunnels, and rail over-bridges. It has built an established road EPC industry over the years and has gradually added facilities to support and augment its road-building operation.
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