G R Infraprojects rises on entering into MoU with Government of Assam for ropeway project
GR Infraprojects is currently trading at Rs. 1006.15, up by 2.90 points or 0.29% from its previous closing of Rs. 1003.25 on the BSE.
The scrip opened at Rs. 990.10 and has touched a high and low of Rs. 1007.00 and Rs. 977.35 respectively. So far 2451 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1859.95 on 26-Jun-2024 and a 52 week low of Rs. 977.35 on 28-Feb-2025.
Last one week high and low of the scrip stood at Rs. 1045.25 and Rs. 977.35 respectively. The current market cap of the company is Rs. 9733.53 crore.
The promoters holding in the company stood at 74.70%, while Institutions and Non-Institutions held 22.33% and 2.97% respectively.
G R Infraprojects has entered into a Memorandum of Understanding (MoU) with the Government of Assam for the establishment of the Development of a Ropeway from Sonaram Field to Bhubaneshwari Temple, Kamakhya in Guwahati, Assam (Project).
According to this MoU, the Government of Assam will facilitate G R Infraprojects in the development of the ropeway by assisting in obtaining all necessary permissions, registrations, approvals, and clearances from the concerned departments, agencies, and authorities of the state, in accordance with the existing policies, rules, and regulations. The MoU shall remain valid for a maximum period of 12 months from the date of signing, unless extended by the Government of Assam. The proposed investment in the project is Rs 270 crore.
G R Infraprojects is an integrated road engineering, procurement and construction (EPC) company with experience in design and construction of various road/highway projects across States in India and having recently diversified into projects in the railway sector.
