G R Infraprojects L-1 bidder for Rs 1,898 Cr railway project in MP
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts less than Nifty Microcap 250 and 1.5 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
G R Infraprojects has emerged as the lowest (L-1) bidder for a railway construction project in Madhya Pradesh valued at Rs 1,897.51 crore. The project covers building a new rail line between Bahari and Gondawali stations, part of the Sidhi-Singrauli rail link, awarded by West Central Railway, Jabalpur. The EPC contract has a completion period of 900 days from the appointed date.
Order adds roughly 20% to annual revenue, strengthens order book; positive for sentiment though execution and award confirmation risks remain over 900 days.