Announced Sat, 4 Jul · 11:45 IST
G R Infraprojects arm gets completion certificate for Rajasthan expressway
Business Updates View source PDF
GRINFRA · price
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Price reaction · full curve 14 horizons · vs prior close
-2.2%1-day move
₹913.95
prior close
₹913.00
base price
After-mkt
timing
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AI summary
G R Infraprojects' wholly owned subsidiary GR Bandikui Jaipur Expressway has received a completion certificate for its 4-lane greenfield expressway spur from the Delhi-Vadodara expressway near Bandikui to Jaipur in Rajasthan. The Hybrid Annuity Mode project, part of Bharatmala Pariyojana Phase-I, has a bid cost of Rs 1,368 crore (excluding GST). The Independent Engineer declared it fit for commercial operations from 1 October 2025, with the certificate issued on 30 June 2026.
Likely market impact
Project completion paves the way for revenue recognition and future annuity inflows under the HAM model, supporting order book conversion.