G R Infraprojects' subsidiary achieves financial closure from NHAI

3 Nov 2022 , 02:32 PM

GR BANDIKUI JAIPUR EXPRESSWAY PRIVATE LIMITED, wholly owned subsidiary of G R Infraprojects Limited has informed that it is in receipt of letter from National Highways Authority of India for noting of financial close for its project on October 20, 2022.

According to 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-I in the state of Rajasthan on Hybrid Annuity Mode.

Further, the bid project cost is Rs1368 crore and completion period is 730 days from appointed date.

At around 2:40 PM, G R Infraprojects Ltd is currently trading at Rs1,232.30 per share down by Rs3.05 or 0.25% from its previous closing of Rs1,235.35 per share on the BSE.

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