GR Infraprojects bags another order worth Rs1,368 crore; stock gains

28 Mar 2022 , 01:35 PM

In its filing with the exchanges today, GR Infraprojects Limited informed that it has emerged as L-1 bidder in Financial Bid Opening dated March 28, 2022, for the tender invited by the National Highways Authority of India for construction of 4- Lane Greenfield Expressway spur from Delhi-Vadodara Greenfield Expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-1 on Hybrid Annuity Mode in the state of Rajasthan.

The total estimated cost of the project is Rs1,368 crore on hybrid annuity mode.

The project is to be completed within a period of 730 days from the appointed date and shall remain operative for 15 years from the commercial operation date.

GR Infra’s stock trading at Rs1,448.30 up by Rs5.75 or 0.4% from its previous closing of Rs1,442.55 on the BSE. Its scrip touched day’s high and low of Rs1,502.95 and Rs1,441.65 respectively.