G R Infraprojects Limited has informed the Exchange about Intimation of Execution of Concession Agreement by Nasarpore Malotha Highway Private Limited (Wholly Owned Subsidiary) with the National Highways Authority of India.
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G R Infraprojects' wholly owned subsidiary Nasarpore Malotha Highway Private Limited has executed a concession agreement with the National Highways Authority of India (NHAI) on May 18, 2026. The project involves upgrading a 60.21 km section of NH-56 in Gujarat from two-lane to four-lane carriageway, from Nasarpore Village to Malotha Village. The estimated project cost is INR 1,453.57 crores (excluding GST) under Hybrid Annuity Mode (HAM). The completion period is 910 days from the Appointed date.
This new highway project worth over INR 1,450 crores provides a solid order book visibility for GR Infraprojects, supporting future revenue growth. The HAM model ensures stable annuity income during the operational phase after construction completion.