Hot Pursuit     17-Jan-24
G R Infra rises as arm inks agreement with NHAI
G R Infraprojects added 1.18% to Rs 1,152.15 after the firm stated that its wholly owned subsidiary, GR Kasganj Bypass has executed the concession agreement with the National Highways Authority of India (NHAI) on 16 January 2024.
The project contains four laning of NH 530B from Kasganj Bypass End to Chandan Nagar section of NH 530B in the state of Uttar Pradesh on HAM mode – Package 3.

The bid cost of this project is Rs 1,085.47 crore and is to be completed in 730 days from appointed date and operated for 15 years, from commercial operation date.

G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company largely focused on road sector. The company has also recently diversified into projects in the railway sector.

The company’s consolidated reported net profit slipped 35.41% to Rs 217.16 crore on 11.9% decline in net sales to Rs 1882.78 crore in Q2 FY24 over Q2 FY23.

Previous News
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 ( Hot Pursuit - 02-Aug-24   12:47 )
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 ( Hot Pursuit - 30-Mar-23   12:45 )
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 ( Corporate News - 06-Mar-23   18:39 )
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 ( Results - Announcements 11-Nov-22   08:36 )
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 ( Corporate News - 03-Nov-22   13:13 )
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