GR Infraprojects rises on receiving LoA worth Rs 1885.63 crore
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GR Infraprojects is currently trading at Rs. 1641.55, up by 19.50 points or 1.20% from its previous closing of Rs. 1622.05 on the BSE.
The scrip opened at Rs. 1658.00 and has touched a high and low of Rs. 1699.00 and Rs. 1637.00 respectively. So far 12622 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. 1025.00 on 30-Nov-2023.
Last one week high and low of the scrip stood at Rs. 1730.00 and Rs. 1590.00 respectively. The current market cap of the company is Rs. 15938.73 crore.
The promoters holding in the company stood at 74.74%, while Institutions and Non-Institutions held 21.90% and 3.36% respectively.
GR Infraprojects has received Letter of Acceptance (LoA) on October 14, 2024 from Maharashtra State Road Development Corporation for construction of Access Controlled Pune Ring Road in Pune District Package PRR W5 from village Kalyan/Rathwade Km. 55+500 to village Shivare/Kusgaon Phase Km. 64+841 (Length- 9.341 Km.) Tq. Haveli / Bhor in the State of Maharashtra on EPC Mode.
The contract price is Rs 1885.63 crore. Completion period is 36 months from 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.
