G R Infraprojects Limited has informed the Exchange about Issuance of Taking Over Certificate for Construction of Elevated Structures (Viaduct & Stations) of length7.50Km (approx.) from Gottigere to Swagath Road Cross (Chainage 00.0m to 7501.818m) including Kothnur Depot entry line, Road widening & allied works and 5 Numbers of Metro Stations viz, Gottigere, Hulimavu, IIMB, JP Nagar 4th Phase, Swagath Road Cross in Reach-6 line of Bangalore Metro Rail Project, Phase-2 (Balance Works).
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
G R Infraprojects has received a Taking Over Certificate from the client for a completed metro construction project in Bangalore. The scope included building 7.50 km of elevated viaduct, 5 metro stations (Gottigere, Hulimavu, IIMB, JP Nagar 4th Phase, Swagath Road Cross), road widening, and a depot entry line as part of the Bangalore Metro Rail Project Phase-2 (Balance Works). The Taking Over Certificate indicates the client has accepted the project as complete, which typically allows the company to raise final bills and release of retention money. This milestone reduces execution risk on this particular order from the company's order book.
Positive for the stock as it confirms project execution capability and likely enables recognition of pending revenue and payments, though it is a completion milestone rather than a new order win.