G R Infraprojects Limited has informed the Exchange about Issuance of Provisional Completion Certificate
GRINFRA · price
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Awaiting price reaction for this filing.
G R Infraprojects, through its wholly owned subsidiary GR Bilaspur Urga Highway Private Limited, has received a Provisional Completion Certificate-II from the Independent Engineer for an additional 13.895 Km stretch of the Bilaspur-Urga section of NH-130A in Chhattisgarh. The total completed length now stands at 69.015 Km out of 70.200 Km. The project, built under the Bharatmala Pariyojna (Raipur-Dhanbad Economic Corridor) on Hybrid Annuity Mode, has a bid project cost of INR 1,527 crore. It has been provisionally declared fit for commercial operations with effect from 30th June 2025.
Near-complete project execution enables the company to start receiving annuity payments from NHAI under the HAM model, which should support revenue recognition and cash flows. Positive operational milestone, but the stock impact is likely limited as this was an existing project approaching completion.