Announced Thu, 13 Aug · 17:19 IST
G R Infraprojects gets Rs 91.60 Cr LoA for Varanasi MMLP
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹877.00
prior close
₹883.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.6-0.7-0.8—-0.3-1.1+0.9+0.8-0.2—————
Up moveDown movePending
AI summary
G R Infraprojects has received a Letter of Award from Varanasi MMLP Limited for development, operation and maintenance of a Multi Modal Logistics Park in Varanasi, UP on DBFOT basis. Order value is Rs 91.60 Crores. Construction period is 1 year, concession period is 45 years. Domestic, government-related project; no related party interest.
Likely market impact
Adds Rs 91.60 Cr to order book. Small relative to company size, but 45-year concession offers steady long-term revenue visibility.