G R Infraprojects-led subsidiary executes concession agreement with NHAI; Stock dips 1%

15 Jun 2022 , 01:12 PM

GR BANDIKUI JAIPUR EXPRESSWAY PRIVATE LIMITED, wholly owned subsidiary of G R Infraprojects Ltd has executed the concession agreement with the National Highways Authority of India on June 14, 2022.

As per the regulatory filing, the project is for construction of 4-Lane Greenfield expressway spur from Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-1 in the state of Rajasthan on Hybrid Annuity Mode.

Further, the bid project cost is Rs1368 crore and the project is expected to be completed within 730 days from the appointed date, said company.

At around 1:17 PM, G R Infraprojects was trading at Rs1,136 per share down by Rs16 or 1.39% from its previous closing of Rs1,152 per share on the BSE.