GR Infraprojects jumps on emerging as L-1 bidder to establish Transmission System in Madhya Pradesh
GR Infraprojects is currently trading at Rs. 1462.50, up by 26.45 points or 1.84% from its previous closing of Rs. 1436.05 on the BSE.
The scrip opened at Rs. 1421.10 and has touched a high and low of Rs. 1495.80 and Rs. 1406.95 respectively. So far 3390 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. 1530.00 and Rs. 1249.70 respectively. The current market cap of the company is Rs. 14043.60 crore.
The promoters holding in the company stood at 86.54%, while Institutions and Non-Institutions held 10.03% and 3.43% respectively.
GR Infraprojects has emerged as L-1 bidder to establish ‘Transmission System for Evacuation of Power from RE Projects in Rajgarh (2500 MW) SEZ in Madhya Pradesh’ through tariff based competitive bidding (TBCB) process on build own operate and maintain (BOOM) basis.
REC Power Development and Consultancy (formerly REC Power Distribution Company), the Bid Process Coordinator (BPC) has conducted e-reverse auction on March 10, 2022 for selection of Transmission Service Provider (TSP) on the basis of international competitive bidding in accordance with the ‘Tariff Based Competitive Bidding Guidelines for Transmission Service’ and ‘Guidelines for Encouraging Competition in Development of Transmission Projects’.
The responsibility of the TSP would be to establish the Transmission System comprises of 400/220kV Substation at Rajgarh and 400kV Double Circuit Transmission Line in Madhya Pradesh.
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.