G R Infraprojects Limited has received Letter of Acceptance ("LOA") from Western Railways for a project.
Awaiting price reaction for this filing.
G R Infraprojects Limited has received a Letter of Acceptance (LOA) dated 8th May 2025 from Western Railways for an EPC project valued at ₹262.28 crores. The project involves gauge conversion of 38.900 kms of railway track along with associated works including earthwork, ballasting, minor and major bridges, station/service buildings, water supply, sanitation, platforms, retaining walls, and 30 Road Under Bridges (RUBs) on the Kosamba-Umarpada section in Vadodara division. The completion period is 730 days (about 2 years) from the appointed date. This is a continuation of the company's earlier announcement dated 29th January 2025 regarding the same project.
This government-backed railway infrastructure order adds ₹262.28 crores to G R Infraprojects' order book, providing revenue visibility over the next two years. While a positive addition, the size is moderate relative to the company's overall scale and is unlikely to materially move the stock on its own.