G R Infraprojects Limited has informed the Exchange about Bagging/Receiving of orders/contracts
GRINFRA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
G R Infraprojects has emerged as the lowest (L-1) bidder for a National Highways Authority of India (NHAI) project to construct a 4-lane greenfield section of NH-33 from Mokama to Munger in Bihar. The contract is valued at ₹2,440.87 crores and will be executed under the Hybrid Annuity Mode (HAM). The completion period is 910 days from the appointed date. The L-1 status means the company is the most competitive bidder and is likely to be awarded the contract, subject to formal award by NHAI.
This is a significant new order win for G R Infraprojects that strengthens its order book and provides multi-year revenue visibility. The HAM model offers a mix of construction revenue and annuity payments, reducing execution risk. Positive for the stock in the short term, though actual contract award and execution timelines should be watched.