G R Infraprojects Limited has informed the Exchange about Intimation of declaration of Appointed Date for the project Construction of 6‐lane Greenfield Varanasi‐Ranchi‐Kolkata Highway from Anarbansalea village to Sagrampur village (From KM. 151+200 to KM. 184+700, Pkg‐7, Total Length = 33.50 Km) under Bharatmala Pariyojana in the state of Bihar on Hybrid Annuity Mode (Package 7) of GR Varanasi Kolkata Highway Private Limited, a Wholly Owned Subsidiary.
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Awaiting price reaction for this filing.
G R Infraprojects' wholly owned subsidiary, GR Varanasi Kolkata Highway Private Limited, has received the appointed date (July 1, 2025) from NHAI for a 33.50 km, 6-lane greenfield highway project in Bihar under the Bharatmala Pariyojana. The project will be executed on Hybrid Annuity Mode (HAM) with a contract value of ₹1,248.37 crores and a completion period of 730 days. With the appointed date declared, construction can now officially begin, allowing the company to start recognizing revenue and claiming milestone payments.
Positive for the company — the appointed date triggers project execution and revenue recognition on a large government-backed order, strengthening the order book. HAM projects carry lower execution risk as the government funds 40% of construction cost during the build phase.