G R Infraprojects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects has emerged as the lowest (L-1) bidder for a National Highways Authority of India (NHAI) project to upgrade a 60.21 km stretch of NH-56 in Gujarat from two-lane to four-lane divided carriageway, under Package-VI. The contract is valued at ₹1,453.57 crore and will be executed on Hybrid Annuity Mode (HAM) with a completion period of 910 days from the appointed date. This is a government infrastructure order and represents a sizeable addition to the company's order book. The company has stated it will update the exchange on any further developments related to this project.
This is a significant order win for G R Infraprojects, likely strengthening its order book and providing revenue visibility over the next 2-3 years. Positive for sentiment as it reaffirms the company's strong position in the roads and highways bidding space.