G R Infraprojects rises as its JV executes contract agreement with NHPC
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GR Infraprojects is currently trading at Rs. 1210.35, up by 19.40 points or 1.63% from its previous closing of Rs. 1190.95 on the BSE.
The scrip opened at Rs. 1239.45 and has touched a high and low of Rs. 1239.45 and Rs. 1206.00 respectively. So far 1246 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1381.60 on 07-Aug-2023 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. 1239.45 and Rs. 1184.10 respectively. The current market cap of the company is Rs. 11515.18 crore.
The promoters holding in the company stood at 79.74%, while Institutions and Non-Institutions held 16.73% and 3.53% respectively.
G R Infraprojects’ JV -- Dibang Power (Lot 4) Consortium has executed the contract agreement with the NHPC on October 9, 2023 for project of Construction of Civil Works for LOT?4: Head Race Tunnel including Intake, Pressure Shafts, Penstocks, Power House & Transformer Cavern, Tail Race Tunnel, Pothead Yard, Adits for Dibang Multipurpose Project, Arunachal Pradesh, India. The bid project cost is Rs 3637.12 crore and to be completed in 86 months. Dibang Power (Lot 4) Consortium is JV of G R Infraprojects and Patel Engineering.
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
