G R Infraprojects surges as its arm executes concession agreement with NHAI for Andhra Pradesh project
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GR Infraprojects is currently trading at Rs. 1425.70, up by 23.65 points or 1.69% from its previous closing of Rs. 1402.05 on the BSE.
The scrip opened at Rs. 1436.00 and has touched a high and low of Rs. 1462.65 and Rs. 1422.00 respectively. So far 1863 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 2277.00 on 25-Oct-2021 and a 52 week low of Rs. 1249.70 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 1462.65 and Rs. 1388.40 respectively. The current market cap of the company is Rs. 13749.18 crore.
The promoters holding in the company stood at 86.54%, while Institutions and Non-Institutions held 10.05% and 3.41% respectively.
G R Infraprojects’ wholly owned subsidiary -- GR Madanapalli Pileru Highway has executed the concession agreement with the National Highways Authority of India (NHAI). The project is for Construction of Four Laning of NH-71 from Madanapalli (Design Km 0.000/Existing Km 0.000) to Pileru (Design Km 55.900/Existing Km 59.250) (Design Length= 55.900 Km) Package-1 on HAM Mode in the State of Andhra Pradesh under Bharatmala Pariyojna. The bid project cost is Rs 1577 crore. Completion period of the project is 730 days from appointed date and operation period is 15 years from commercial operation date.
G R Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
