Hot Pursuit     15-Jun-23
G R Infra gains on emerging as L-1 bidder for Rs 1,085-cr project
G R Infraprojects rallied 2.56% to Rs 1,278 after the civil construction company emerged as L‐1 bidder for tender invited by National Highways Authority of India (NHAI) for a road project amounting to Rs 1,085.47 crore in Uttar Pradesh.
The scope of the project entails four laning from Kasganj Bypass end to Chandan Nagar in Uttar Pradesh on hybrid annuity mode – package 3.

The cost of the project is Rs 1,085.47 crore. The construction is expected to be completed in 730 days from appointed date and the operation period is 15 years from the 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 net profit jumped 40.9% to Rs 389.68 crore on 2.7% rise in revenue from operations to Rs 2,461.96 crore in Q4 FY23 over Q4 FY22.

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