GR Infraprojects gains as its subsidiaries execute concession agreement with NHAI
GR Infraprojects is currently trading at Rs. 1297.00, up by 11.15 points or 0.87% from its previous closing of Rs. 1285.85 on the BSE.
The scrip opened at Rs. 1338.85 and has touched a high and low of Rs. 1338.85 and Rs. 1290.10 respectively. So far 3061 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1425.00 on 15-Sep-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. 1247.95 respectively. The current market cap of the company is Rs. 12535.73 crore.
The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.73% and 3.53% respectively.
GR Infraprojects’ wholly owned subsidiaries -- GR Begaum Raichur (PACKAGE?5) Highway and GR Belgaum Raichur (PACKAGE?6) Highway have executed the concession agreement for projects worth Rs 1,457.24 crore with the National Highways Authority of India (NHAI). The project included four-laning with paved shoulders from design Ch.182.300 to Design Ch. 228.500 in Belgaum - Hungund –Raichur Section of NH?748A (Ext. SH?20) in the state of Karnataka on Hybrid Annuity Mode under NH(O) (Package?5). The bid project cost is Rs 716.47 crore and to be completed in 730 days from the appointed date.
The second project relates to the Construction of 4 lane with paved shoulders from Design Ch. 228.500 to Design Ch.273.400 in Belgaum – Hungund – Raichur Section of NH? 748A (Ext. SH?20) on Hybrid Annuity Mode (Package?6) under NH (O). The bid project cost is Rs 740.77 crore and to be completed in 730 days from appointed 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.