GR Infraprojects receives financial closure for NHAI project in Punjab

15 Feb 2022 , 03:01 PM

GR Infraprojects Limited informed the exchanges Monday that GR Amritsar Bathinda Highway Private Limited, a wholly-owned subsidiary has received a letter from the National Highways Authority of India (NHAI) for noting of Financial Close for the Hybrid Annuity (HAM) project w.e.f. February 10, 2022. 

The project is the development of 6‐Lane Amritsar‐Bathinda Greenfield Section of NH‐754A from village Tiba on NE‐5A to the junction with Moga Jalandhar road (NH‐703) near Dharamkot (from Km 0+000 to km 39+000) as a part of Amritsar‐Jamnagar Economic Corridor in the state of Punjab on Hybrid Annuity Mode under Bharatmala Pariyojana Phase‐I (Package‐1). The bid project cost is Rs927cr, company said in a regulatory filing.

At around 3.04 pm, G R Infraprojects Ltd was trading at Rs1,650.20 per share up by Rs12.25 or 0.75% from its previous closing of Rs1,637.95 per share on the BSE.