GR Infraprojects wins Rs 290 Cr Jharkhand road EPC project

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Price reactionminutes from the announcement price · days from the prior close

-0.8%Reaction day

₹1060.10

prior close

₹1070.00

announcement price

After-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-2.4%+1.6% vs market

Civil Construction peers, median of 97sector-2.8%+2.1% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.1 pts more than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 97Pending

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AI summary

G R Infraprojects has executed an EPC agreement with State Highway Authority of Jharkhand for construction of Giridih Bypass (towards Tundi) road spanning 26.672 km. The bid project cost is Rs 290.23 crore with a completion period of 24 months from the appointed date.

Likely market impact

Order book addition. Provides steady revenue visibility over 24 months from a state government road project.