Hot Pursuit     27-Dec-22
G R Infra announces completion of Madhya Pradesh projects
The civil construction company on Monday announced that it has received two completion certificates for Madhya Pradesh-based projects awarded under the Bharatmala Pariyojana on EPC mode.

The scope of the first project entails construction of eight lane access‐ controlled expressway carriageway from Kamliya village to Kandarwasa village of Ratlam district to section of Delhi‐Vadodara Greenfield Alignment. The cost of the project was Rs 990.97 crore. The project's appointed date was 10 December 2019 and the scheduled completion period was 730 day from the appointed date. The revised scheduled completion date was 20 December 2022.

The subsequent project comprises construction of eight lane access‐controlled expressway carriageway from Jodmi village to Bani village of Mandsaur district section of Delhi –Vadodara Greenfield Alignment (NH‐148N). The contract price of the project stood at Rs 1,094.97 crore. The project's appointed date was 7 February 2020 and the scheduled completion period was 730 day from the appointed date. The revised scheduled completion date is 2 January 2023.

The company said that the completion certificates have been issued by the authority's engineer and the projects has been declared fit for entry into commercial operation with effect from 20 December 2022.

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 net profit rose 78.3% to Rs 336.23 crore on a 13.5% increase in sales to Rs 2,136.36 crore in Q2 FY23 over Q2 FY22.

Shares of G R Infraprojects declined 1.52% to Rs 1,113 on the BSE.

Previous News
  GR Infraprojects schedules AGM
 ( Corporate News - 19-Aug-24   17:37 )
  G R Infraprojects emerges L-1 bidder for two ropeway projects
 ( Corporate News - 14-Aug-23   15:53 )
  CARE Ratings upgrades LT rating of G R Infraprojects to "AA+"
 ( Hot Pursuit - 30-Jun-23   11:38 )
  GR Infraprojects announces board meeting date
 ( Corporate News - 06-Nov-23   15:54 )
  Volumes jump at G R Infraprojects Ltd counter
 ( Hot Pursuit - 21-Sep-23   11:00 )
  G R Infra receives completion certificate for project in MP
 ( Hot Pursuit - 08-Mar-23   09:36 )
  G R Infra emerges lowest bidder for Odisha project
 ( Hot Pursuit - 17-Mar-23   14:45 )
  G R Infraprojects announces completion of road project in Andhra Pradesh
 ( Corporate News - 24-Nov-22   15:20 )
  G R Infra ends higher after subsidiary receives transmission licence from CERC
 ( Hot Pursuit - 14-Sep-22   15:54 )
  G R Infra rises as arm executes concession agreement with NHAI
 ( Hot Pursuit - 21-Jun-23   09:30 )
  G R Infra gains on emerging highest bidder for Rs 758 cr project in MP
 ( Hot Pursuit - 24-Feb-23   12:45 )
Other Stories
  Interarch Building Products subscribed 3.19 times
  19-Aug-24   17:31
  Mediaone Global Ent hits the roof after Q1 PAT soars YoY to Rs 4 cr
  19-Aug-24   15:34
  CWD hits the roof after signing Rs 100-crore agreement with PhonePe
  19-Aug-24   15:16
  V-Guard Industries Ltd leads losers in 'A' group
  19-Aug-24   15:00
  AGI Infra Ltd leads losers in 'B' group
  19-Aug-24   14:45
  LIC pares stake in Hindustan Copper
  19-Aug-24   14:41
  Volumes spurt at Caplin Point Laboratories Ltd counter
  19-Aug-24   14:30
  Vishnu Chemicals gains after board OKs to acquire 100% stake in Jayanshree Pharma
  19-Aug-24   14:16
  Bombay Dyeing board appoints Khiroda Jena as CFO, CRO
  19-Aug-24   14:01
  Auto stocks edge lower
  19-Aug-24   14:00
Back Top