GR Infraprojects zooms on getting completion certificate for Varanasi Ring Road project
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GR Infraprojects is currently trading at Rs. 1880.85, up by 40.80 points or 2.22% from its previous closing of Rs. 1840.05 on the BSE.
The scrip opened at Rs. 1870.55 and has touched a high and low of Rs. 1882.50 and Rs. 1857.60 respectively. So far 589 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. 1543.75 on 27-Aug-2021.
Last one week high and low of the scrip stood at Rs. 1882.50 and Rs. 1744.00 respectively. The current market cap of the company is Rs. 18152.88 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 received completion certificate for construction of 4 Lane NH-56 bypass connecting NH-2 (Rakhauna Village km 782.546 of NH-2) with NH-56 (Vajidpur Village km 271.300 of NH-56) as part of Varanasi Ring Road, Design Chainage km 0.000 to km 16.400 (total length 16.980 km including interchange loop at NH-2), in the state of Uttar Pradesh under NHDP Phase- VII, on EPC Mode. The contract price is Rs 405.67 crore.
The completion certificate has been issued by the Independent Engineer on January 24, 2022 and has declared the project fit for entry into commercial operation with effect from January 24, 2022.
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
