Hot Pursuit     13-Jul-23
G R Infraprojects gains on bagging LoA from MRTH
G R Infraprojects rose 1.29% to Rs 1,348.90 after the company received letter of award (LoA) from Ministry of Road Transport and Highways (MRTH) to construct highway in Uttar Pradesh.
The project includes construction of four lane highway from Baranpu Kadipur Ichauli to Rampuriya Awwal in Uttar Pradesh on hybrid annuity mode.

The bid project cost is Rs 737.17 crore. The project will be completed within 730 days from appointed date and 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.

Previous News
  G R Infraprojects consolidated net profit declines 35.41% in the September 2023 quarter
 ( Results - Announcements 10-Nov-23   08:36 )
  Board of G R Infraprojects approves sale of GR Aligarh Kanpur Highway
 ( Corporate News - 25-Jun-24   14:41 )
  G R Infraprojects consolidated net profit declines 23.47% in the June 2023 quarter
 ( Results - Announcements 11-Aug-23   17:06 )
  NHAI withdraws LoA awarded to G R Infraprojects
 ( Corporate News - 16-May-24   13:09 )
  G R Infraprojects consolidated net profit rises 42.15% in the March 2024 quarter
 ( Results - Announcements 30-May-24   09:54 )
  GR Infraprojects to consider fund raising options
 ( Corporate News - 06-Jan-22   17:17 )
  Volumes jump at G R Infraprojects Ltd counter
 ( Hot Pursuit - 21-Sep-23   11:00 )
  G R Infraprojects skids on cancellation of tender
 ( Hot Pursuit - 30-Nov-22   10:37 )
  G R Infra gains after emerging as L-1 bidder for projects worth Rs 4,346 crore
 ( Hot Pursuit - 22-May-24   10:30 )
  G R Infraprojects receives provisional completion certificate for road project in Uttar Pradesh
 ( Corporate News - 22-Oct-21   18:38 )
  G R Infra receives completion certificate for project in MP
 ( Hot Pursuit - 08-Mar-23   09:36 )
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