GR Infraprojects soars on emerging as lowest bidder for project in Maharashtra
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GR Infraprojects is currently trading at Rs. 1725.80, up by 61.00 points or 3.66% from its previous closing of Rs. 1664.80 on the BSE.
The scrip opened at Rs. 1711.70 and has touched a high and low of Rs. 1766.70 and Rs. 1696.50 respectively. So far 8060 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. 1766.70 and Rs. 1552.00 respectively. The current market cap of the company is Rs. 16102.19 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 emerged as Lowest bidder in Financial Bid Opening dated September 23, 2024 for the tender invited by Maharashtra Metro Rail Corporation, Nagpur (Maha Metro) for a project ‘Design and Construction of Elevated Metro Viaduct of length 17.624 km between Ch. 21256.814 to Ch. 38881.7 including Railway spans of length 79m & 100m and a 6-lane Double decker portion with Vehicular Underpass (VUP) from Ch. 25755.211 to Ch. 26895.211 for a total length of 1.14 km in Reach-1A of NMRP Phase-2.’
The bid value is Rs 903.53 crore. The order is to be executed within 30 months.
GR Infraprojects is an integrated road EPC company with experience in design and construction of various road/highway projects across many States in India.
