G R Infraprojects gains on forming two wholly owned subsidiaries in Rajasthan
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G R Infraprojects is currently trading at Rs. 1574.45, up by 26.80 points or 1.73% from its previous closing of Rs. 1547.65 on the BSE.
The scrip opened at Rs. 1568.45 and has touched a high and low of Rs. 1583.20 and Rs. 1568.45 respectively. So far 423 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. 1624.40 and Rs. 1486.55 respectively. The current market cap of the company is Rs. 15247.86 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 has formed two wholly owned subsidiaries in the name and style of ‘GR Bandikui Jaipur Expressway’ on April 18, 2022 and GR Ujjain Badnawar Highway on April 19, 2022 in the state of Rajasthan.
The company has formed GR Bandikui Jaipur Expressway for Construction of 4-Lane Greenfield expressway spur from Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-1 in the state of Rajasthan on Hybrid Annuity Mode. Besides, GR Ujjain Badnawar Highway formed for Construction of 4-Laning of Ujjain-Badnawar Section of NH-752D from km 26.900 to km 96.00 (Length-69.1 km) in the State of Madhya Pradesh on Hybrid Annuity Mode.
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.
