Provisional completion issued for 56.101 km Maharashtra highway project

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

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₹1277.90

prior close

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used+0.8%+1.0% vs market

Civil Construction peers, median of 88sector+1.0%+0.8% vs sector

On the reaction day the stock moved 1.0 pts more than Nifty Microcap 250 and 0.8 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.

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AI summary

Wholly owned subsidiary GR Govindpur Rajura Highway Private Limited received a provisional completion certificate from the Independent Engineer on 12 September 2025 for four-laning a 56.101 km stretch of NH-353B in Maharashtra. The project has a bid cost of INR 907 crore, uses Hybrid Annuity Mode, and is fit to enter commercial operation from 11 September 2025.

Likely market impact

The road project is fit to begin commercial operation, supporting future revenue. No new contract value or financial guidance was announced.