G R Infraprojects Limited has informed the Exchange about Issue of Provisional Completion Certificate for Construction of Eight lane access controlled Expressway from Km 26+582 to Km 50+700 of Main Expressway and Km 0+0 to Km 3+000 of SPUR (Shirsad to Masvan Section of Vadodara Mumbai Expressway} in the State of Maharashtra on Hybrid Annuity mode under Bharatmala Pariyojana (Phase II-Package XIII) .
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Awaiting price reaction for this filing.
G R Infraprojects has received a Provisional Completion Certificate for the Shirsad to Masvan section of the Vadodara Mumbai Expressway in Maharashtra. The project covers an eight-lane access-controlled expressway stretch from Km 26+582 to Km 50+700 of the main expressway and Km 0+0 to Km 3+000 of the spur. It was executed on Hybrid Annuity Mode (HAM) under the government's Bharatmala Pariyojana Phase II, Package XIII. Receiving this certificate means the company has substantially completed the project and can now begin receiving annuity payments from the authority.
Positive for shareholders — project completion allows G R Infraprojects to start recognising the remaining revenue and annuity inflows from this HAM project, supporting cash flow and de-risking execution.