Issue of Provisional Completion Certificate
GRINFRA · price
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G R Infraprojects Ltd announced that its wholly-owned subsidiary GR Amritsar Bathinda Highway Private Limited has received a Provisional Completion Certificate from the Independent Engineer for a 39 km 6-lane greenfield highway section (NH-754A) in Punjab. The project, part of the Amritsar-Jamnagar Economic Corridor under Bharatmala Pariyojana Phase-I, was completed at a bid project cost of Rs 927 crore (excluding GST). The certificate was issued on May 13, 2026, with the project declared fit for commercial operation effective March 1, 2026. This is a Hybrid Annuity Mode project, meaning revenue will be earned over the concession period as annuity payments.
This completion marks project execution success for G R Infraprojects, with the company now entering the revenue-generating phase through annuity payments. The Rs 927 crore project value represents a substantial contribution to order book completion, and successful execution of this flagship Bharatmala project could boost investor confidence in the company's execution capabilities.