G R Infraprojects Limited has received Advance Work Order.
Awaiting price reaction for this filing.
G R Infraprojects has received an Advance Work Order from Bharat Sanchar Nigam Limited (BSNL) on behalf of the Department of Telecom for a Bharatnet middle-mile network project in the Kerala Telecom Circle (Package 16). The contract is valued at approximately ₹1,257.29 crore and covers design, supply, construction, installation, upgradation, operation and maintenance of the network on a Design Build Operate and Transfer (DBOT) basis. The project duration is 3 years for execution plus 7 years for operations and maintenance, totaling 10 years. This follows the company's earlier announcement dated 9th November 2024 regarding the same tender.
This is a sizeable government-backed order worth over ₹1,250 crore, providing strong revenue visibility for the next decade and reinforcing GR Infraprojects' position in India's telecom infrastructure space. Likely to be viewed positively by the market given the long-tenure nature and government counterparty (DoT/BSNL).