GR Infraprojects gains after its arm executes concession agreement with NHAI
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GR Infraprojects is currently trading at Rs. 1317.35, up by 13.80 points or 1.06% from its previous closing of Rs. 1303.55 on the BSE.
The scrip opened at Rs. 1295.85 and has touched a high and low of Rs. 1338.85 and Rs. 1285.25 respectively. So far 9559 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1444.75 on 10-Aug-2022 and a 52 week low of Rs. 930.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 1338.85 and Rs. 1264.40 respectively. The current market cap of the company is Rs. 12724.27 crore.
The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.67% and 3.60% respectively.
GR Infraprojects’ wholly owned subsidiary -- GR Varanasi Kolkata Highway has executed the concession agreement with the National Highways Authority of India (NHAI) on July 5, 2023 for Construction of 6?lane Greenfield Varanasi? Ranchi?Kolkata Highway from Anarbansalea village to Sagrampur village (From KM. 151+200 to KM. 184+700, Pkg?7, Total Length = 33.50 Km) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package 7). The bid project cost is Rs 1248.37 crore. Completion period of the project is 730 days from appointed date and operation period is 15 years from operation date.
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
