GR Infraprojects shines as its arm executes concession agreement with NHLML
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GR Infraprojects is currently trading at Rs. 1299.75, up by 32.45 points or 2.56% from its previous closing of Rs. 1267.30 on the BSE.
The scrip opened at Rs. 1310.05 and has touched a high and low of Rs. 1320.45 and Rs. 1294.85 respectively. So far 2676 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. 1320.45 and Rs. 1231.05 respectively. The current market cap of the company is Rs. 12253.40 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 Logistics Park (Indore) has executed the concession agreement with the National Highways Logistics Management (NHLML) on June 19, 2023 for the project of Development, Operation and Maintenance of Multi Modal Logistics Park (MMLP) Indore near Pithampur, in Dhar District in the State of Madhya Pradesh through Public Private Partnership on Design, Build, Finance, Operate and Transfer (DBFOT) basis. The bid project cost is Rs 758.10 crore. Completion period of the project is 2 years from appointed date and operation period is 45 years from the 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.
