G R Infraprojects Limited has informed the Exchange about Issue of Provisional Completion Certificate for Construction of Four Laning of NH-71 from Madanapalli (Design Km 0.000/Existing Km 0.000) to Pileru (Design Km 55.900/Existing Km 59.250) (Design Length = 55.900 Km) Package-I on HAM Mode in the State of Andhra Pradesh under Bharatmala Pariyojna.
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G R Infraprojects has received a Provisional Completion Certificate from the Independent Engineer for its four-laning of NH-71 from Madanapalli to Pileru (55.9 km) in Andhra Pradesh, executed under Hybrid Annuity Mode (HAM) as part of the Bharatmala Pariyojana. The project was undertaken by GR Madanapalli Pileru Highway Private Limited, a wholly owned subsidiary, at a bid project cost of ₹1,577 crore. The appointed date was 14 January 2023 and the project has been declared fit for commercial operation from 30 June 2025, with the certificate dated 4 August 2025. This marks the successful completion of one of the company's major HAM road assets, transitioning it into the operational/revenue collection phase.
Positive for shareholders — the project moving into commercial operation enables the company to start receiving annuity payments from NHAI, supporting steady future cash flows. The completion of a ₹1,577 crore asset on schedule also reflects strong execution capability, which is generally viewed favourably by the market.