G R Infraprojects' subsidiary gets appointed date for NHAI project

9 Feb 2022 , 02:55 PM

G R Infraprojects has informed that “GR Shirsad Masvan Expressway Private Limited”, wholly-owned subsidiary of the company, has received a letter from the National Highways Authority of India (NHAI) declaring appointed date for the project w.e.f. February 08, 2022.

At around 2:56 PM, G R Infraprojects was trading at Rs1,797.80 apiece down by 0.26% against closing of Rs1,802.55 apiece on the BSE.

The project is for “Construction of Eight lane access controlled Expressway from Km 26.582 to Km 50.700 of Main Expressway and Km 0+0 to Km 3+000 of SPUR (Shirsad to Masvan Section of Vadodara Mumbai Expressway) in the State of Maharashtra on Hybrid Annuity mode under Bharatmala Pariyojana (Phase II-Package XIII), the company said in the filing.

Further, the bid project cost is Rs2747cr and estimated completion period is 2 years while operation period is 15 years from COD, the company added.