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.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 2.6 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.