GR Infraprojects zooms on bagging LoA from NHAI
GR Infraprojects is currently trading at Rs. 1040.20, up by 99.85 points or 10.62% from its previous closing of Rs. 940.35 on the BSE.
The scrip opened at Rs. 980.05 and has touched a high and low of Rs. 1040.20 and Rs. 971.15 respectively. So far 35186 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. 902.05 on 17-Mar-2025.
Last one week high and low of the scrip stood at Rs. 1041.15 and Rs. 902.05 respectively. The current market cap of the company is Rs. 9849.13 crore.
The promoters holding in the company stood at 74.70%, while Institutions and Non-Institutions held 22.33% and 2.97% respectively.
GR Infraprojects has received Letter of Acceptance (LoA) from National Highways Authority of India (NHAI) (Ministry of Road, Transport & Highways) for Construction of Agra - Gwalior Greenfield Road. The NHAI Estimated Project Cost is Rs 4262.78 crore and the project is to be completed within 910 days from Appointed date.
The scope of work includes Development of 6 Lane of access controlled Agra?Gwalior greenfield highway, starting from design km 0+000 (near village Deori in district Agra) to design km 88+400 (near village Susera in district Gwalior) in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh and Overlay/Strengthening, other road safety and improvement works on existing Agra? Gwalior section from 1058.00 to 1148.00 (Design chainage 13.00 to 103.00) of NH? 44 in the State of Uttar Pradesh, Rajasthan and Madhya Pradesh on DBFOT pattern at BOT (Toll) Mode under NH(O) scheme.
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.
