GR Infraprojects Wins ₹903.5 Crore Contract for Nagpur Metro Phase-2 Viaduct

10 Oct 2024 , 12:07 PM

GR Infraprojects Ltd announced on October 9, 2024, that it has secured a contract worth ₹903.5 Crore from Maharashtra Metro Rail Corporation Ltd for the Nagpur Metro Rail Project.

The project involves the design and construction of an elevated metro viaduct spanning 17.6 kilometers in Nagpur.

It includes special railway spans measuring 79 meters and 100 meters, as well as a 1.14-kilometre, six-lane double-decker portion with a vehicular underpass (VUP) as part of Reach-1A of the Nagpur Metro Phase-2.

The project is being executed on an Engineering, Procurement, and Construction (EPC) basis, with a construction timeline of 30 months.

At the time of writing on October 10, 2024, at 12:04 pm, GR Infraprojects Ltd stock is trading at ₹1663.80, reflecting a 1.53% gain from the previous closing price. Over the past year, GR Infraprojects Ltd stock has risen by an impressive 38.22%, and it has gained 46.81% since the beginning of the current year.

In September 2024, GR Infraprojects emerged as the lowest bidder for a tender related to the Nagpur Metro Phase-2 project.

The recent contract further reinforces GR Infraprojects’ involvement in Reach-1A of the Nagpur Metro Rail Project, which includes the construction of railway spans of 79 meters and 100 meters.

The project is part of the ongoing Phase-2 expansion of the Nagpur Metro Rail Project, enhancing the city’s metro infrastructure.