G R Infra rises on signing concession agreement with NHAI for road project

3 Jun 2022 , 09:41 AM

The agreement constitutes construction of four lanning of NH-1 from Madanapalli to Pileru and package-1 on hybrid annuity mode (HAM) in Andhra Pradesh under Bharatmala Pariyojna. The completion of the project is expected to be within 730 days from appointed date. The operational period stands for 15 years from commercial operation date. G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company largely focused on road sector. The company has also recently diversified into projects in the railway sector. The road construction companys consolidated net profit rose 8.9% to Rs 276.56 crore on a 12.4% drop in net sales to Rs 2,396.11 crore in Q4 FY22 over Q4 FY21. Powered by Capital Market – Live News