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The agreement constitutes construction of six‐lane Greenfield Varanasi‐Ranchi‐Kolkata highway from Anarbansalea village to Sagrampur village under bharatmala pariyojana in Bihar on hybrid annuity mode.
The bid project cost stood at Rs 1,248.37 crore. The completion of the project is expected to be within 730 days from appointed date. The operational period stands 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 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.
The scrip advanced 0.96% to currently trade at Rs 1,316 on the BSE.
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