G R Infraprojects zooms on forming three wholly owned subsidiaries
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GR Infraprojects is currently trading at Rs. 1576.00, up by 38.95 points or 2.53% from its previous closing of Rs. 1537.05 on the BSE.
The scrip opened at Rs. 1561.00 and has touched a high and low of Rs. 1580.35 and Rs. 1561.00 respectively.
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. 15238.19 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 three wholly owned subsidiaries in the name and style of ‘GR Bamni Highway’ on April 19, 2022, ‘GR Govindpur Rajura Highway’ on April 20, 2022 and ‘GR Madanapalli Pileru Highway’ on April 20, 2022 in the state of Rajasthan.
The company has formed GR Bamni Highway for Four laning of existing 2-lane stretch from Bamni (Design Km 19.000) to MH/TG Border (Design Km 51.985) section of NH-930D in the State of Maharashtra on HAM under NH (O). It has formed GR Govindpur Rajura Highway for Four laning of existing 2-lane stretch from Govindpur (MH/TG Border) (Design Km 32.910) to Rajura (Design Km 89.090) {Design Length – 56.180 Km} section of NH-353B in the State of Maharashtra on Hybrid Annuity Mode under NH (O). Besides, the company has formed GR Madanapalli Pileru Highway 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-I on HAM Mode in the State of Andhra Pradesh under Bharatmala Pariyojna.
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.
