GR Infraprojects Q2 Net Profit Falls 35%, Secures Bid for Rs 200 Crore Katra Ropeway Project

10 Nov 2023 , 10:46 AM

GR Infraprojects witnesses a 35% YoY decline in Q2 net profit, reaching Rs 217.16 crore. Revenue from operations also falls by 12%, standing at Rs 1,882.78 crore.

The company secures the L‐1 bidder position for a passenger ropeway project in Katra, worth Rs 200 crore. The project involves design, engineering, construction, development, finance, and operation & maintenance between Tarakote and Sanjichhat.

The concession period for the project is 33 years, including a 3-year construction period. Share prices drop 2% in early trade on November 10. The 52-week performance of GR Infraprojects reflects a high of Rs 1,381.60 and a low of Rs 930.00.

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