GR Infra receives LOA from NHAI for five new projects; Stock ends ~5% higher

30 Mar 2022 , 04:00 PM

GR Infraprojects Limited has received a Letter of Award dated March 30, 2022 from National Highways Authority of India for the five new projects.

Details of the projects are as under:

• Construction of 4-Lane Greenfield expressway spur from DelhiVadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-1 in the state of Rajasthan on Hybrid Annuity Mode.
• Upgradation to Four Lane with Paved Shoulder of NH-341 from Bhimasar, Junction of NH-41 to Anjar – Bhuj upto Airport Junction, Km 0.000 to Km 65.478 in the State of Gujarat on Hybrid Annuity Mode.
• Construction of Four Laning of NH-71 from Madanapalli (Design Km 0.000/Existing Km 0.000) to Pileru (Design Km 55.900/Existing Km 59.250) (Design Length = 55.900 Km) Package-! on HAM Mode in the State of Andhra Pradesh under Bharatmala Pariyojna.
• Four laning of an existing 2-lane stretch from Govindpur (MH/TG Border) (Design Km 32.910) to Rajura (Design Km 89.090) {Design Length – 56.180 Km} section of NH-353B in the State of Maharashtra on Hybrid Annuity Mode under NH(O).
• Four Ianing of existing 2-lane stretch from Bamni (Design Km 19.000) to MH/TG Border (Design Km 51.985) section of NH-930D in the State of Maharashtra on HAM under NH(O).

GR Infraprojects Limited ended at Rs1573.00 per piece up Rs70.45 or 4.69% on the BSE. The stock hit a high of Rs1578.00 per piece during intraday trade on Wednesday.