G R Infraprojects Limited has informed that the Company has emerged as L-1 bidder for the EPC project Construction of Giridih Bypass (towards Tundi) road (Total Length 26.672 Km.) .
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G R Infraprojects has emerged as the lowest (L-1) bidder for an EPC project to construct the Giridih Bypass (towards Tundi) road, spanning 26.672 km, awarded by the State Highway Authority of Jharkhand. The contract is valued at ₹290.23 crore and is to be completed within 24 months from the appointed date. As L-1 bidder, the company is the most competitive in pricing but is yet to receive formal contract award. The project adds to the company's existing order book in the road and highway EPC segment.
Positive for the company as it strengthens its order pipeline in the road infrastructure segment, though the size of the order is modest relative to its overall revenue base. Watch for the formal award announcement in the coming weeks.