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The aforementioned concession agreement is for a project that involves construction of four lane highway on the Baranpur Kadipur Ichauli to Rampuriya Awwal section of NH‐731A (i/c Yamuna Bridge) in the State of Uttar Pradesh on hybrid annuity mode.
The project bid cost is Rs 737.17 crore. The project has to be completed within a period of 730 days from the appointment date. The operation period is 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 declined 23.5% to Rs 309.84 crore on 7.9% fall in revenue from operations to Rs 2,478.23 crore in Q1 FY24 over Q1 FY23.
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