G R Infraprojects Limited has informed the Exchange about issuance of Provisional Completion Certificate for "Construction of 4-lane Greenfield expressway spur from Delhi-Vadodara Greenfield expressway near Bandikui to Jaipur in Bharatmala Pariyojana Phase-I in the state of Rajasthan on Hybrid Annuity Mode." a project of GR Bandikui Jaipur Expressway Private Limited, a wholly Owned Subsidiary of the Company.
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 0.1 pts less than Nifty Microcap 250 and 0.7 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
G R Infraprojects' wholly-owned subsidiary, GR Bandikui Jaipur Expressway Pvt Ltd, has received the Provisional Completion Certificate for a 4-lane greenfield expressway spur from Bandikui to Jaipur in Rajasthan. The project is valued at Rs 1,368 crore and is part of the central government's Bharatmala Pariyojana Phase-I, executed under the Hybrid Annuity Mode (HAM). The certificate was issued by the Independent Engineer on 19th June 2025, and the project is declared fit for commercial operations with effect from 1st June 2025. The original appointed date for the project was 11 November 2022. With this completion, the subsidiary can now start receiving annuity payments and commence tolling operations under its NHAI concession.
Positive for the company — completion of a large Rs 1,368 crore government project demonstrates strong execution capability, removes construction-stage risk, and opens up steady annuity inflows from NHAI along with toll revenue, supporting future revenue and cash flows.