Provisional Completion Certificate issued for Rs 2,747 Cr expressway project

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

-2.9%Reaction day

₹1052.00

prior close

₹1052.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+2.0%-4.9% vs market

Civil Construction peers, median of 98sector+1.3%-4.3% vs sector

On the reaction day the stock moved 4.9 pts less than Nifty Microcap 250 and 4.3 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.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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10m

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15m

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30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.9+2.0-4.9+1.3-4.3

Next day

-4.8+1.3-6.1+0.5-5.3

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-3.4+2.0-5.5+1.8-5.3

-2.3+2.5-4.8+2.6-4.9

-1.4+1.9-3.3+1.4-2.8

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15d

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-3.0+1.5-4.5-4.0+0.9

-12.9-9.1-3.8-15.4+2.5

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

G R Infraprojects received a Provisional Completion Certificate for its eight-lane expressway project (Shirsad-Masvan section of Vadodara-Mumbai Expressway) in Maharashtra. Built under Hybrid Annuity Mode as part of Bharatmala Pariyojana Phase II, the bid cost is Rs 2,747 Cr. The project, executed by wholly owned subsidiary GR Shirsad Masvan Expressway Pvt Ltd, was declared fit for commercial operations from 15 July 2025.

Likely market impact

Completion enables revenue recognition from the subsidiary and triggers annuity payouts, improving cash flow visibility for G R Infraprojects.