G R Infraprojects emerges as L-1 bidder for NHAI road project in Andhra Pradesh; Stock rises

25 Mar 2022 , 02:40 PM

G R Infraprojects Ltd has emerged as L-1 bidder in Financial Bid Opening dated March 21, 2022 for the tender invited by National Highways Authority of India (NHAI).

The project is  for “Construction of Four Laning of NH-71 from Madanapalle (Design Km 0.000/Existing Km 0.000 of NH-71) to Pileru (Design Km 55.900/Existing Km 59.250 of NH-71) (Design Length= 55.900 Km) in the State of Andhra Pradesh under Bharatmala Pariyojna on Hybrid Annuity Mode.”

Further, as per regulatory filing, the bid project cost is Rs1577 crore and expected completion period is 730 days from appointed date.

At around 2:44 PM, G R Infraprojects was trading at Rs1,452.50 apiece up by Rs9.1 or 0.63% from its previous closing of Rs1,443.40 apiece on the BSE.