This small-cap infrastructure company surged on getting a project completion certificate
Shares of the company are trading up by more than 2.5% after this announcement by the company.
About the Project
G R Infraprojects has received the completion certificate for the project of 'Construction of Eight lane access‐ controlled Expressway carriageway from Bawadi Village Near Shivgarh of Ratlam District to Ranni village of Jhabua District on EPC Mode under Bharatmala Pariyojna in the state of Madhya Pradesh'. The Authority's Engineer gave the project a completion certificate on March 6, 2023, stating that it was ready for commercial operation as of February 20, 2023.
Share price movement of G R Infraprojects Limited
Scrip opened today at Rs 1,000 and made its day high at Rs 1,039.50. The 52-week high of the stock is Rs 1,624.40, whereas the 52-week low was Rs 992.80. Promoters hold 79.74%, whereas institutional and non-institutional holdings are 0.38% and 16.10%, respectively. Presently, the market cap of the company is Rs 9,968.15 crore.
Company profile
G R Infraprojects is an integrated road engineering, procurement, and construction (EPC) business with expertise in the design and building of numerous road/highway projects throughout the States of India. More recently, the company has expanded into projects in the railway industry. EPC and BOT projects in the road sector make up the company's primary activity in civil construction. Since 2006, it has completed more than 100 road construction projects. It also has expertise in constructing state and national highways, bridges, culverts, flyovers, airport runways, tunnels and rail over-bridges.
It created a successful road EPC company and steadily expanded facilities to support and enhance its road-building operation. It has developed internal resources with key competencies as part of its in-house integrated model, including its design and engineering team, three manufacturing facilities in Udaipur, Rajasthan, Guwahati, Assam, and Sandila, Uttar Pradesh for processing bitumen, thermoplastic road-marking paint, and road signage, and a fabrication and galvanization unit in Ahmedabad, Gujarat for producing metal crash barriers and other construction equipment.
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