GR Infraprojects spurts on emerging lowest bidder for two road projects in Maharashtra

29 Mar 2022 , 09:26 AM

GR Infraprojects shares surged in the early morning trade on Tuesday. The company has emerged as L-1 bidder for two projects – four laning of existing 2-lane stretch from Govindpur to Rajura in Maharashtra, and another four laning of existing 2-lane stretch from Bamni to MH/TG Border in Maharashta in hybrid annuity mode under Commercial Operation NH(O).

The company has bagged an order for two road projects worth Rs1,744 crore in Maharashtra.

GR Infraprojects Ltd is currently trading at Rs1,483.85 up by Rs34.65 or 2.39% from its previous closing of Rs1,449.20 on the BSE. The scrip opened at Rs1,487.20 and has touched a high and low of Rs1,488.15 and Rs1,476.20 respectively.